USD/CAD’s rise from 1.3538 resumed last week and reached as high as 1.4033. However, it couldn’t sustain above 1.4014/7 key cluster resistance and retreated. Initial bias remains neutral this week first. On the upside, sustained Read more…
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GBP/JPY’s rally resumed last week and surged to as high as 205.30, but retreated sharply since then. With 201.24 resistance turned support intact, initial bias remains neutral this week and further rally is still in Read more…
EUR/JPY’s up trend resumed last week and surged to as high as 177.91, but retreated sharply since then. Though, downside is contained above 175.03 resistance turned support. Initial bias stays neutral this week and another Read more…
EUR/GBP rebounded notably after gyrating to 0.8654 last week. Current development suggests that pullback from 0.8750 has possibly completed, and near term bullishness is retained. Initial bias is back on the upside for 0.8750 first. Read more…
EUR/AUD dipped to 1.7569 last week but the last reversal pushed it through 1.7929 resistance. The development suggests that fall from 1.8155 has completed already. Initial bias is now on the upside this week for Read more…
EUR/CHF’s fall from 0.9452 resumed last week and continued to the end despite interim recovery. Initial bias is on the downside this week for 0.9265 support first. Firm break there should confirm that whole corrective Read more…
Week in review – Equities flashing red, peace in the Middle East and key milestones in Metals It has been a tense week for global markets as the US government shutdown enters its second week. Read more…
Canadian Highlights Canadian and U.S. policymakers have yet to hammer out a trade deal, but negotiations are still ongoing. Trade-related headwinds dampened Canadian trade in August, with tariff-exposed sectors continuing to feel the pinch. Canada’s Read more…
Summary United States: Data Delayed, Decisions Loom The federal government shutdown continues to delay economic data releases, including international trade and jobless claims this week. That said, the September Consumer Price Index is now expected Read more…