Brighter outlook Economic activity in Japan has picked up steam. Revised figures showed the economy grew by 2.7% in annualized terms in the first quarter of this year, and leading indicators such as business surveys Read more…
Daily Pivots: (S1) 139.20; (P) 139.48; (R1) 139.90; More… Intraday bias in USD/JPY remains neutral as range trading continues. Further rally is expected as long as 138.22 minor support holds. On the upside, break of Read more…
US CPI rose 0.1% mom in May, below expectation of 0.3% mom. CPI core, all items less food and energy, rose 0.4% mom, matched expectations. Food index rose 0.2% while energy index declined -0.3% mom. Read more…
According to various estimates, from USD 2.36 billion to USD 3.35 billion was withdrawn from the largest cryptocurrency exchange in 1 week. The head of the exchange, Changpeng Zhao, said that the drop in the Read more…
EURGBP rebounded yesterday after triggering some buy orders near the 0.8545 zone, marked as support by the low of December 1. That said, the pair remains below the upward sloping line drawn from the low of Read more…
EURJPY had been in a strong uptrend, which ceased at a fresh 15-year high of 151.60 in early May before the pair corrected lower. Although it quickly found its feet and attempted a rebound, the Read more…
EURJPY had been in a strong uptrend, which ceased at a fresh 15-year high of 151.60 in early May before the pair corrected lower. Although it quickly found its feet and attempted a rebound, the Read more…
Daily Pivots: (S1) 0.8558; (P) 0.8582; (R1) 0.8624; More… Intraday bias in EUR/GBP is turned neutral with current recovery. Outlook will stay bearish as long as 0.8634 resistance holds. Break of 0.8538 will resume larger Read more…
In May, UK payrolled employees rose 0.1% mom or 23k. Comparing with the same month a year ago, payrolled employees rose 1.6% yoy or 460k. Median monthly pay rose 7.0% yoy, highest in the other Read more…
DXY: The DXY chart currently demonstrates bearish momentum, indicating a downward trend in price. There is a potential for a bearish continuation towards the first support level at 103.29. This support level represents an area Read more…