GBP/JPY edged lower to 206.85 last week but quickly recovered. Initial bias remains neutral this week first. While another fall cannot be ruled out, strong support should be seen from 206.10 fibonacci level to bring Read more…
EUR/JPY’s decline from 187.93 high resumed by breaking through 177.82 last week. Initial bias remains on the downside this week for 175.26/41 support instead. Strong support could be seen there to bring rebound. On the Read more…
EUR/GBP’s extended decline last week suggests that rebound from 0.8453 has already completed as a corrective move at 0.8611. Initial bias stays on the downside this week for retesting 0.8453 low and then 61.8% projection Read more…
EUR/AUD’s sharp reversal last week and break of 1.6163 support suggests that rebound from 1.6072 has completed as a corrective move at 1.6334. Initial bias is back on the downside this week for retesting 1.6072 Read more…
EUR/CHF formed a short term top at 0.9485 last week and fell sharply since then. Though, the selloff stabilized after hitting 38.2% retracement of 0.8979 to 0.9485 at 0.9292. Initial bias is turned neutral this Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights Monthly GDP momentum remains solid, pointing to annualized growth of 1.8% in Q3. Downside risks remain concentrated in the Read more…
In the U.S., the September ISM Services index is expected to ease modestly while continuing to signal expansion, with particular attention on whether price pressures remain elevated. In Canada, the labor market likely rebounded in Read more…
September payrolls rose by just 29,000, below the 90,000 consensus. Downward revisions removed a combined 60,000 jobs from July and August. Unemployment increased to 4.2%, while annual wage growth eased to 3.0%. Slower hiring and Read more…
GBPCHF: ⬆️ Buy – GBPCHF reversed from support zone – Likely to rise to resistance level 1.1060 GBPCHF currency pair recently reversed up from the support zone between the support level 1.0900 (which stopped wave Read more…
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