No change in USD/CAD’s outlook and intraday bias remains neutral. On the upside, firm break of 1.4115 will suggest that pullback from 1.4247 has completed, ahead of 38.2% retracement of 1.3480 to 1.4247 at 1.3954. Read more…
Eurozone business activity returned to expansion in July, with the Flash Composite PMI rising to 51.9 from 50.0, its highest level in five months and signaling the first increase in private-sector output in four months. Read more…
Intraday bias in GBP/JPY remains neutral as consolidations continue below 219.56. Downside of pullback should be contained by 216.39 support to bring rebound. On the upside, above 219.56 will extend larger up trend and target Read more…
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Intraday bias in EUR/JPY remains on the upside for the moment. Current rally would target a retest on 187.93 high. However, as the rise from 182.01 is still viewed as a corrective move, upside should Read more…
Breach of 0.8543 resistance suggests that a short term bottom was already formed at 0.8453, after hitting 61.8% retracement of 0.8221 to 0.8863 at 0.8466. Intraday bias is back on the upside for stronger rebound Read more…
EUR/AUD is staying in consolidations above 1.6256 and intraday bias remains neutral for the moment. Further fall is expected as long as 1.6419 resistance holds. Rebound from 1.6108 could have completed at 1.6617 already. Below Read more…
Intraday bias in EUR/CHF remains on the upside at his point. Current rally from 0.8979 should target 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379. On the downside, below 0.9259 minor support will Read more…
Markets The ECB is ready to raise rates in September, Bloomberg reported citing unnamed sources. Frankfurt kept rates steady yesterday but Lagarde admitted that some asked themselves if a hike should be considered. The ECB Read more…
UK retail sales volumes jumped 1.0% mom in June, far exceeding expectations for a -0.3% mom decline, following an unrevised 1.2% mom increase in May. The stronger-than-expected performance points to resilient consumer demand despite elevated Read more…