Daily Pivots: (S1) 0.9535; (P) 0.9762; (R1) 0.9894; More… Intraday bias in USD/CHF stays on the downside for 0.9543 support. It’s viewed as the third leg of the corrective pattern from 1.0063. Strong support should Read more…
Daily Pivots: (S1) 1.2126; (P) 1.2266; (R1) 1.2491; More… GBP/USD’s rebound from 1.1932 extends higher today but stays below 1.2666 resistance. Intraday bias remains neutral first and outlook stays bearish. Break of 1.1932 will resume Read more…
Daily Pivots: (S1) 1.0422; (P) 1.0511 (R1) 1.0642; More… Intraday bias in EUR/USD is turned neutral first as it recovered ahead of 1.0339/48 support zone. Outlook will stay bearish as long as 1.0786 resistance holds. Read more…
Yen trades broadly lower today after BoJ left monetary policy unchanged, including keeping the 10-year JGB yield cap. Selling is not too fierce for now on mixed sentiment in the Asian markets. But if global Read more…
The cryptocurrency market has collapsed by nearly $2.7 trillion since November, weakening the position of evangelists. The crash of crypto, and more specifically Bitcoin, has given voice to critics of digital currencies. Besides the main Read more…
CHF/JPY’s up trend resumes this week on diverging monetary policy of SNB and BoJ. SNB surprised the markets by announcing a 50bps rate hike yesterday, and indicated that more is coming. However, BoJ just kept Read more…
New Zealand BusinessNZ Performance of Manufacturing index rose from 51.2 to 52.9 in May. Production rose from 49.4 to 52.8. Employment rose from 49.8 to 53.0. New orders dropped from 55.2 to 53.0. Finished stocks Read more…
BoJ left short-term policy interest rate unchanged at -0.10%, and 10-year JGB target at around 0% under the yield curve control. It will continue to defend the 0.25% 10-year JGB yield cap, by offering to Read more…
DXY: On the H4, with prices moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our 1st resistance at 105.620 where the 61.8% fibonacci Read more…
Key insights from the week that was. In Australia this week, the material divergence between business and consumer confidence was again highlighted. First to be released, the May NAB business survey reported a moderate deterioration Read more…