Market movers today Today we get the first Q3 GDP figures out of the big euro area economies. Consensus sees slowing but still positive growth in France and Spain. We expect Q3 will mark the Read more…
Daily Pivots: (S1) 145.62; (P) 147.01; (R1) 147.80; More… USD/JPY is extending the consolidation pattern from 151.93 and intraday bias remains neutral. Deeper pull back could be seen, but downside is expected to be contained Read more…
The markets are relatively quiet in Asia today. Yen is steady after BoJ stands pat as widely expected. Yet, there is some upside prospect for Yen if global benchmark yields continue to correct lower. Dollar Read more…
IMF lowered Asia’s growth forecast in to 4.0% in 2022, 4.3% in 2023, and 4.6% in 2024. Japan’s growth forecast was held unchanged at 1.7% in 2022, downgraded slightly to 1.6% in 2023, and raised Read more…
BoJ left monetary policy unchanged as widely expected. Under the yield curve control framework, short-term policy interest rate is held at -0.10%. 10-year JGB yield is kept at around 0%, with bond purchases without upper Read more…
The billionaire has formalized in his own way the acquisition of the social network for $44 billion. There was no press release. But just a tweet and not just any tweet. A tweet of four Read more…
Key Highlights USD/JPY declined and tested the key 145.00 support zone. A major bearish trend line is forming with resistance near 147.20 on the 4-hours chart. EUR/USD surpassed 1.0000 and GBP/USD attempted an upside break Read more…
This week, the second Australian Federal Budget for 2022 and the Q3 CPI report gave the market a lot to consider regarding Australia’s outlook. The same was true offshore, with the Bank of Canada and Read more…
Short Term Elliott Wave structure of USDJPY shows a 5 swing sequence from 10.21.2022 high. This suggests the decline can extend lower into a 7 swing double three structure. Rally to 10.21.2022 high at 151.94 Read more…
CHFJPY reversed from resistance level 150.40 Likely to fall to support level 146.00 CHFJPY currency pair recently reversed down from the key resistance level 150.40 (which has been steadily reversing the pair from the start Read more…