Daily Pivots: (S1) 156.96; (P) 159.37; (R1) 160.68; More… Intraday bias in GBP/JPY remains neutral at this point. Risk will stay on the downside as long as 162.16 minor resistance holds, as correction from 168.40 Read more…
Daily Pivots: (S1) 133.30; (P) 134.99; (R1) 135.89; More…. Intraday bias in EUR/JPY stays neutral for the moment. Corrective fall from 139.99 could still extend lower. Below 132.63 will target 61.8% retracement of 124.37 to Read more…
Daily Pivots: (S1) 0.8445; (P) 0.8469; (R1) 0.8505; More… Intraday bias in EUR/GBP stays neutral for the moment. Also, with 0.8365 support intact, further rise is still in favor. On the upside, break of 0.8617 Read more…
Daily Pivots: (S1) 1.4997; (P) 1.5027; (R1) 1.5081; More… Intraday bias in EUR/AUD is turned neutral with current recovery, but risk stays on the downside with 1.5227 resistance intact. Corrective rebound from 1.4318 could have Read more…
Daily Pivots: (S1) 1.0283; (P) 1.0389; (R1) 1.0446; More…. EUR/CHF’s break of 1.0360 minor support argues that rebound from 0.9970 has completed as a three-wave corrective move at 1.0513. That came after rejection by 100% Read more…
Markets are back in risk-off mode as down dropped more than -1100 pts overnight. Dollar and Yen tried to rebound but there was no follow through buying. Indeed, both remain the worst performing ones for Read more…
Australia employment rose just 4k in April, missing expectation of 30k growth. Full time jobs rose 92.4k while part-time jobs dropped -88.4k. Unemployment rate was unchanged at 3.9%, matched expectations. Participation rate dropped -0.1% to Read more…
Japan exports rose 12.5% yoy to JPY 8076B in April. Imports rose 28.2% yoy to JPY 8915B, a new record. Trade deficit came in at JPY 839B. Trade with China shrank notably. China-bound shipments fell Read more…
Philadelphia Fed President Patrick Harker said yesterday, “I anticipate a sequence of increases in the funds rate at a measured pace until we are confident that inflation is moving toward the Committee’s inflation target.” “I Read more…
DXY: On the H4, with prices bouncing off the ichimoku support , we have a bullish bias that price will rise to our 1st resistance at 104.171 where the horizontal pullback resistance, 61.8% Fibonacci projection Read more…