Daily Pivots: (S1) 1.2463; (P) 1.2528; (R1) 1.2582; More… Intraday bias in USD/CAD is turned neutral with current recovery and some consolidations could be seen. But further decline is still expected as long as 1.2645 Read more…
Daily Pivots: (S1) 0.7459; (P) 0.7500; (R1) 0.7532; More… A temporary top is formed at 0.7539 in AUD/USD, just ahead of 0.7555 resistance. Intraday bias is turned neutral for some consolidations first. Further rise is Read more…
The forex markets are digesting recent moves in mixed Asian session today. Yen is recovering slightly but remains the worst performer for the week. BoJ is still trying hard to defend the 0.25% 10-year JGB Read more…
Australia retail sales rose 1.8% mom to AUD 33.09B in February, well above expectation of 1.0% mom. Director of Quarterly Economy Wide Statistics, Ben James, said February’s result saw retail sales reach their second highest Read more…
In the Summary of Opinions of the March 17-18 meeting, BoJ noted, “unlike the United States and the United Kingdom, Japan is not in a situation where the inflation rate will likely exceed the price Read more…
Japan Finance Minister Shunichi Suzuki said the government is carefully watching the foreign exchange market to avoid “bad yen weakening”. He repeated that currency stability was important. While a weak Yen is positive for exporters, Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and abiding by our ascending trendline support. We see the potential for a bounce from our 1st support at 98.632 in line with 38.2% Fibonacci Read more…
Key Highlights GBP/USD started a fresh decline from the 1.3300 region. It traded below a key bullish trend line with support near 1.3185 on the 4-hours chart. EUR/USD is struggling below the 1.1050 resistance zone. Read more…
Bitcoin price has been rallying in the past week, trading comfortably above the $47,000 mark in the current trading session. This recent uptrend is largely attributed to a wave of short position liquidations on cryptocurrency exchanges Read more…
The BOJ was in the market defending the 10-year yield on the JGB at 0.25%, and they have announced that they will do it again for the next 3 consecutive days. Recall that at the Read more…