There is a pattern that keeps repeating in this AI earnings cycle. A company spends heavily on infrastructure. Analysts get nervous about whether the spending will ever pay off. Targets get trimmed. Then the results Read more…
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USD/JPY recovered to 160.60 on Friday following a sharp drop the previous day. Investors believe the Bank of Japan intervened to support the yen, although there has been no official confirmation. The Bank of Japan Read more…
Market Overview The crypto market capitalisation has retreated to levels seen at the start of the week, near $2.17T, having failed to mount a sustained rally. The market remains cautious, trading just above its 50-day Read more…
Intraday bias in EUR/USD stays on the upside for the moment. Rebound from 1.1323 should continue to 1.1621 cluster resistance (38.2% retracement of 1.2081 to 1.1323 at 1.1613). . Decisive break there will add to Read more…
Focus stays on rising channel floor (now at 158.14) in USD/JPY. Sustained break there will argue that fall from 163.97 is already correcting the whole rise from 139.87, and target 155.01 cluster support (38.2% retracement Read more…
Intraday bias in GBP/USD remains neutral first. Overall outlook is unchanged that corrective pattern from 1.3867 is extending. On the downside, below 1.3272 will target 1.3139 support. Nevertheless, break of 1.3557 will extend the rebound Read more…
Intraday bias in USD/CHF remains neutral for the moment, and more consolidations would be seen below 0.8205. Outlook will stay bullish as long as 0.8029 support holds, even in case of deep pullback. On the Read more…
AUD/USD’s rise from 0.6864 resumed by breaking through 0.7026 and intraday bias is back on the upside. Further rally should be seen to 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083. On the Read more…
USD/CAD’s corrective fall from 1.4247 extended lower and intraday bias stays mildly on the downside. Strong support should be seen from 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954) to bring rebound. Read more…