Daily Pivots: (S1) 140.79; (P) 141.52; (R1) 141.94; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. With 142.45 minor resistance intact, further decline is in favor. Break of 139.63 minor support will Read more…
Daily Pivots: (S1) 0.9489; (P) 0.9541; (R1) 0.9572; More… Intraday bias in USD/CHF stays neutral at this point. Near term outlook stays bearish with 0.9680 minor resistance intact. On the downside, break of 0.9474 minor Read more…
Daily Pivots: (S1) 1.1834; (P) 1.1869; (R1) 1.1919; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2028 is still extending. Further rally is expected as long as 1.1644 resistance turned support holds. On Read more…
Daily Pivots: (S1) 1.0259; (P) 1.0283; (R1) 1.0328; More… EUR/USD recovered after drawing support from 4 hour 55 EMA, but stays well below 1.0481. Intraday bias remains neutral an more consolidative trading could be seen. Read more…
New Zealand Dollar rises broadly after RBNZ delivered the historical 75bps rate hike as widely expected. Yet, it’s staying in near term range against the greenback. For now, Euro is following Kiwi as second strongest Read more…
Asian Indices: Australia’s ASX 200 index rose by 47 points (0.65%) and currently trades at 7,228.30 Japan’s Nikkei 225 index has risen by 61 points (1.7095%) and currently trades at 28,115.74 Hong Kong’s Hang Seng Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add confluence to this, the price is crossing the Ichimoku cloud which indicates a bullish market. If the bullish momentum continues, Read more…
AUD/NZD is extending the decline from 1.1489 after RBNZ’s rate hike today. For the near term, outlook will stay bearish as long as 1.1043 resistance holds, even in case of recovery. In the bigger picture, Read more…
Australia PMI Manufacturing dropped from 52.7 to 51.5 in November, a 29-month low. PMI Services dropped from 49.3 to 47.2, a 10-month low. PMI Composite also dropped from 49.8 to 47.7, a 10-month low. Jingyi Read more…
RBNZ raises the Official Cash Rate by a record 75bps to 4.25% as widely expected. The central bank maintained that “monetary conditions needed to continue to tighten further, so as to be confident there is Read more…