Daily Pivots: (S1) 0.8855; (P) 0.8891; (R1) 0.8949; More…. USD/CHF is staying in consolidation above 0.8825 and intraday bias remains neutral for the moment. Outlook will stay bearish as long as 0.8992 resistance holds. On Read more…
Daily Pivots: (S1) 158.25; (P) 158.59; (R1) 159.28; More… USD/JPY’s rise from 151.85 is still in progress and intraday bias stays on the upside. Further rally could be seen to 160.20 high, or possibly to Read more…
Yen is under intense scrutiny today as it continues a six-day losing streak, approaching the key psychological level of 160 against Dollar. This move comes despite Japan’s core inflation reaccelerating in May, but failed to Read more…
Key insights from the week that was. In Australia, the RBA Board once again left the cash rate unchanged at 4.35%. The Board’s statement emphasised that there remains considerable uncertainty around the economic outlook, particularly Read more…
Key Highlights USD/JPY gained pace and cleared the 158.20 resistance. A major bullish trend line is forming with support at 158.20 on the 4-hour chart. EUR/USD is struggling to clear the 1.0765 resistance zone. The Read more…
Japan’s CPI core (ex-food) accelerated from 2.2% yoy to 2.5% yoy in May, slightly below the expected 2.6%. This marks the 26th consecutive month that core inflation has remained above BoJ’s 2% target. However, the Read more…
Japan’s latest PMI data for June presents a mixed economic outlook. Manufacturing PMI slipped slightly from 50.4 to 50.1, falling short of expectations of 50.6. However, manufacturing output showed a positive shift, rising from 49.9 Read more…
Australia’s PMI data for June indicates a slowdown in business expansion, with Manufacturing PMI falling from 49.7 to 47.5, Services PMI dropping from 52.5 to 51.0, and Composite PMI decreasing from 52.1 to 50.6, hitting Read more…
USDJPY broke strong resistance level 157.65 Likely to rise to resistance level 160.00 USDJPY currency pair recently broke above the strong resistance level 157.65 (which has been steadily reversing the price from the end of Read more…
CADJPY under bullish pressure Likely to rise to resistance 117.00 CADJPY currency pair under the bullish pressure after the price broke above the key resistance level 115.40 (which stopped the previous impulse wave 1 at Read more…