Daily Pivots: (S1) 171.60; (P) 171.89; (R1) 172.38; More… Intraday bias in EUR/JPY remains on the upside as up trend continues. Next target is 100% projection of 164.01 to 170.87 from 167.52 at 174.38. On Read more…
Dollar is showing renewed strength in Asian session, particularly against commodity currencies. Market reactions to the televised debate between US President Joe Biden and former President Donald Trump have been muted, with traders shifting their Read more…
Japan’s Tokyo CPI core (excluding food) rose to 2.1% yoy in June, beating expectations of 2.0% yoy and up from May’s 1.9% yoy. CPI core-core (excluding food and energy) increased from 1.7% yoy to 1.8% Read more…
In a speech overnight, Fed Governor Michelle Bowman reiterated that Fed is “still not yet at the point where it is appropriate to lower the policy rate.” She emphasized that several upside risks to inflation Read more…
This week’s inflation data was in line with Westpac’s expectations. But what matters is whether the RBA was surprised. We do not think it was, and note that despite personnel changes, the RBA’s analysis and Read more…
Key Highlights USD/JPY rallied and tested the 160.80 zone. A major bullish trend line is forming with support at 159.80 on the 4-hour chart. EUR/USD is consolidating above the 1.0670 support zone. GBP/USD spiked lower Read more…
Natural gas reversed from resistance zone Likely to fall to support level 2.6000 Natural gas recently reversed down from the resistance zone located between the resistance levels 3.200 and 3.0000, which have been reversing the Read more…
Gold reversed from support level 2300.00 Likely to rise to resistance level 2365.00 Gold recently reversed up from the pivotal support level 2300.00, which has been steadily reversing the price from the end of April, Read more…
The Japanese yen has fallen to its lowest since 1986 against the dollar and a historic low against the euro. Its YTD loss is 12.5%, the third-worst performance after the Nigerian naira and the Egyptian Read more…
The electric vehicle industry has had plenty of bad news through the first half of this year. The worst news may have been Manhattan Beach, Calif.-based electric vehicle maker Fisker Inc. filing for Chapter 11 Read more…