Daily Pivots: (S1) 165.33; (P) 166.46; (R1) 168.09; More… A temporary low should be in place at 164.81 with current recovery. Intraday bias in EUR/JPY is turned neutral first. But risk will stay on the Read more…
The forex markets have calmed down considerably in Asian session after a week of significant wild ride. Despite the pause, the risk-averse sentiment persists. Yen, which has led the charge this week, is starting to Read more…
Key insights from the week that was. In Australia, a scant local data calendar left participants mulling over the possibilities for next week’s crucial Q2 CPI update. Our preview provides the detail behind our forecasts. Read more…
It helps to have a framework for thinking through the different events that might come along and surprise us. Some things are just lumps and bumps along the way, while others are genuinely forks in Read more…
Short Term Elliott Wave view in CHFJPY suggests the decline from 7.11.2024 high unfolded as a zigzag structure. Down from 7.11.2024 high, wave A ended at 175.84 and rally in wave B ended at 177.64. Read more…
Japan’s Tokyo CPI core (excluding food) increased from 2.1% yoy to 2.2% yoy in July, aligning with market expectations. This marks the third consecutive month of re-acceleration following a dip to 1.6% yoy in April. Read more…
Key Highlights USD/JPY declined heavily before the bulls appeared near 152.00. A major bearish trend line is forming with resistance at 155.50 on the 4-hour chart. Crude oil prices remain at risk of more downsides Read more…
EURJPY reversed from support level 165.00 Likely to rise to resistance level 168.00 EURJPY currency pair recently reversed up from the pivotal support level 165.00 (former strong resistance from March and April, which also stopped Read more…
USDCAD reversed from long-term resistance level 1.3850 Likely to fall to support level 1.3760 USDCAD currency pair is under bearish pressure after previously reversing from the long-term resistance level 1.3850 (which has been repeatedly reversing Read more…
The Covid pandemic’s devastation resulted in businesses shutting down, initially reducing demand for goods and disrupting the supply chain with factories and warehouses significantly reducing output or closing. The trucking industry faced layoffs in 2020 Read more…