Daily Pivots: (S1) 1.2255; (P) 1.2345; (R1) 1.2436; More… Intraday bias in GBP/USD remains on the upside with focus on 1.2445 resistance. Decisive break there will confirm resumption of whole rise from 1.0351. Next target Read more…
Daily Pivots: (S1) 0.9086; (P) 0.9166; (R1) 0.9246; More… Intraday bias in USD/CHF remains on the downside at this point. Current fall from 1.0146 should target 61.8% projection of 1.0146 to 0.9355 from 0.9545 at Read more…
Daily Pivots: (S1) 127.13; (P) 129.35; (R1) 131.14; More… Intraday bias in USD/JPY stays neutral first and outlook remains bearish with 133.61 support turned resistance intact. Break of 127.20 will resume larger fall from 151.93 Read more…
Daily Pivots: (S1) 1.3396; (P) 1.3448; (R1) 1.3545; More…. USD/CAD’s break of 1.3451 minor resistance suggests that corrective pull back from 1.3704 has completed at 1.3320. Intraday bias is back on the upside for resting Read more…
Australian Dollar tumbles broadly today after weaker than expected job data. Overall risk-off sentiment is also pressuring commodity currencies. On the other hand, Yen and Swiss Franc are strengthening together with Dollar. As for the Read more…
Daily Pivots: (S1) 0.6897; (P) 0.6980; (R1) 0.7025; More… AUD/USD dropped notably after hitting 0.7062 and intraday bias is turned neutral first. Some consolidations could be seen but further rally is in favor as long Read more…
USD/JPY: Looking at the Daily chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. To add confluence to this bias, price is Read more…
Australia employment declined -14.6k in December, much worse than expectation of 21.2k growth. Full-time jobs rose 17.6k while part-time jobs fell -32.2k. Unemployment rate was unchanged at 3.5%. Participation rate dropped -0.2% to 66.6%. Monthly Read more…
In December, Japan exports rose 11.5% yoy to JPY 8787B, marking the slowest growth rate in 2022. Exports to China fell -6.2% yoy in value and down -24% yoy in volume. Imports rose 20.6% yoy Read more…
Total employment: -14.6k from 58.3k (revised from 64.0k). Unemployment rate: 3.5% from 3.5% (revised 3.4%). Participation rate: 66.6% from 66.8% (unrevised 66.8%). We suspect we have now past the low in unemployment. Total employment declined Read more…