AUD/USD’s rally from 0.6864 continued last week and accelerated higher. Initial bias remains on the upside this week. Firm break of 161.8% projection of 0.6864 to 0.7026 from 0.6921 at 0.7183 will bring retest of Read more…
USD/CAD’s decline from 1.4247 accelerated lower last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for retesting 1.3480 low. On the upside, above 1.3811 minor resistance Read more…
GBP/JPY’s rally continued last week and the development is inline with the case that corrective fall from 219.56 has already completed. Initial bias stays on the upside this week for retesting 219.56 high. On the Read more…
EUR/JPY’s rally from 179.34 continued last week. The development is inline with the case that fall from 187.93 has completed as a three wave correction. Initial bias stays on the upside this week for 187.42 Read more…
EUR/GBP’s rebound was capped below 0.8585 last week. Initial bias remains neutral this week first. Rise from 0.8453 could still extend. But strong resistance should be seen from 0.8610 support turned resistance to limit upside. Read more…
EUR/AUD reversed after rebounding to 1.1644 last week, but stays above 1.6250 support. Initial bias remains neutral this week first. On the downside, firm break of 1.6250 will extend the fall from 1.6617 to retest Read more…
EUR/CHF’s steep pullback last week suggests short term topping at 0.9408. Initial bias is neutral this week for some consolidations first. Below 0.9304 will bring deeper pullback, but downside should be contained by 38.2% retracement Read more…
Key takeaways Canada inflation & BoC stance: July CPI accelerated to 3.0% YoY, pressuring USD/CAD in the short term, but the Bank of Canada maintains a cautious stance as underlying core metrics continue to moderate. Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights The U.S. delayed planned 50% tariffs on select Canadian goods by three days, providing brief breathing room as trade Read more…
Next week, July’s personal income and spending report is expected to show resilient consumer demand, while PCE inflation should point to easing underlying price pressures. Jackson Hole will also be in focus, and Chair Warsh Read more…