JPY weakness failed to materialize after Japan’s Q4 GDP came in way below expectations. Fear of looming BoJ’s intervention to put a halt to recent JPY weakness after MoF’s vice finance minister Masato Kanda’s warnings Read more…
The market has been very quick in swallowing and digesting this Tuesday’s less than ideal inflation data from the US – which showed that inflation in the US didn’t ease as much as expected in Read more…
In focus today In the US, January retail sales and industrial production data is due for release. Consensus expects some moderation in retail sales growth, even though early credit card data suggests that consumption has Read more…
Daily Pivots: (S1) 1.3524; (P) 1.3551; (R1) 1.3572; More… Intraday bias in USD/CAD stays on the upside at this point. Firm break of 61.8% projection of 1.3176 to 1.3540 from 1.3357 at 1.3582 will pave Read more…
Daily Pivots: (S1) 0.6460; (P) 0.6478; (R1) 0.6510; More… Intraday bias in AUD/USD is turned neutral with current recovery, and some consolidations would be seen first. But outlook will remain bearish as long as 0.6621 Read more…
Daily Pivots: (S1) 1.0704; (P) 1.0719; (R1) 1.0744; More… Intraday bias in EUR/USD is turned neutral with current recovery, and some consolidations could be seen first. Outlook will remain bearish as long as 1.0804 resistance Read more…
Daily Pivots: (S1) 1.2531; (P) 1.2571; (R1) 1.2606; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias Read more…
Daily Pivots: (S1) 0.8842; (P) 0.8864; (R1) 0.8880; More…. Intraday bias in USD/CHF is turned neutral with current retreat, and some consolidations would be seen first. Downside should be contained by 0.8727 resistance turned support Read more…
Daily Pivots: (S1) 150.33; (P) 150.61; (R1) 150.86; More… Intraday bias in USD/JPY is turned neutral with current retreat and some consolidations could be seen first. Downside of consolidation should be contained by 148.79 resistance Read more…
Japanese Yen recovers broadly in Asian session today, while Nikkei also soared to a new 34-year high, surpassing the 38k mark. The move came as a rather complex reactions to economic data showing that Japan Read more…