Market movers today Today’s key economic release is the IFO survey of the business climate in August. After the relative weak preliminary PMI release on Tuesday, the IFO survey will probably also show a decline Read more…
Daily Pivots: (S1) 0.9919; (P) 0.9959; (R1) 1.0008; More… Intraday bias in EUR/USD stays neutral as consolidation form 0.9899 is extending. Upside of recovery should be limited by 1.0121 minor resistance to bring another fall. Read more…
Daily Pivots: (S1) 1.1753; (P) 1.1797; (R1) 1.1839; More… Intraday bias in GBP/USD stays neutral and consolidation from 1.1716 is extending. Upside of recovery should be limited by 1.2002 support turned resistance to bring another Read more…
Daily Pivots: (S1) 0.9625; (P) 0.9656; (R1) 0.9705; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. Triangle correction from 1.0063 could have completed at 0.9369 already. Above 0.9691 will t target 0.9884 Read more…
Daily Pivots: (S1) 136.46; (P) 136.86; (R1) 137.53; More… Intraday bias in USD/JPY stays neutral for the moment. Overall, price actions from 139.37 are seen as a corrective pattern, with rise from 130.38 has the Read more…
Daily Pivots: (S1) 0.6881; (P) 0.6908; (R1) 0.6936; More… Intraday bias in AUD/USD remains neutral first. Corrective rebound from 0.6680 could have completed with three waves up to 0.7135. Below 0.6855 will target a retest Read more…
Daily Pivots: (S1) 1.2943; (P) 1.2981; (R1) 1.3009; More… Intraday bias in USD/CAD stays neutral for the moment and some more consolidations could be seen below 1.3062. But outlook is unchanged that corrective decline from Read more…
Dollar turns softer in Asian session today, but stays in familiar range. Traders would likely remain cautious until Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium tomorrow. For now, Aussie and Kiwi are Read more…
New Zealand retail sales volume declined -2.3% qoq in Q2 to NZD 26B, worse than expectation of 1.7% qoq rise. 10 of 15 industries had lower seasonally adjusted sales volumes comparing with Q1. Retail sales Read more…
BoJ board member Toyoaki Nakamura said in a speech that “Japan’s economy is still in the midst of recovering from the pandemic-induced slump.” “Shifting to a monetary tightening stance, at a time when demand remains Read more…