Daily Pivots: (S1) 0.7082; (P) 0.7112; (R1) 0.7146; More… With 0.7061 minor support intact, further rise could still be seen in AUD/JPY. Firm break of 61.8% projection of 0.6169 to 0.6892 from 0.6721 at 0.7168 Read more…
Daily Pivots: (S1) 129.30; (P) 129.96; (R1) 130.89; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. On the downside, break of 127.20 will resume the whole decline from 151.93 and target 121.43 Read more…
Daily Pivots: (S1) 0.9167; (P) 0.9196; (R1) 0.9233; More… No change in USD/CHF’s outlook and intraday bias remains neutral. On the downside, sustained break of 61.8% projection of 1.0146 to 0.9355 from 0.9545 at 0.9056 Read more…
Daily Pivots: (S1) 1.2360; (P) 1.2396; (R1) 1.2446; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the downside, firm break of 1.2252 minor support will turn bias to the downside, and Read more…
Cycle from 11.23.2022 is unfolding as a 5 waves nesting Elliott Wave impulse. Up from 11.23.2022 low, wave ((i)) ended at 1810.04 and pullback in wave ((ii)) ended at 1773.92. The metal then is nesting Read more…
Daily Pivots: (S1) 1.0852; (P) 1.0891; (R1) 1.0931; More… EUR/USD is losing upside momentum as seen in bearish divergence condition in 4 hour MACD. But further rise could still be seen as long as 1.0765 Read more…
Risk-on rallies appear to be taking a breather ahead of the weekend. While US stocks jumped overnight, Asian markets are just mixed. Focuses will turn to US PCE inflation data today. Dollar might try to Read more…
In Japan, Tokyo CPI core (all items ex-fresh food), accelerated from 4.0% yoy to 4.3% yoy in January, above expectation of 4.2% yoy. That’s also the fastest annual increase in nearly 42 years since May Read more…
New Zealand ANZ Business Confidence improved from -70.2 to -52.0 in January. Own activity outlook rose form -25.6 to -15.8. Looking at some details, exports intentions rose from -10.0 to -5.4. Investment investment intentions rose Read more…
Key Highlights USD/JPY started a recovery wave above the 129.50 resistance. A key bullish trend line is forming with support near 128.70 on the 4-hours chart. EUR/USD and GBP/USD traded in a range after the Read more…