AUD/USD fell to as low as 0.7003 last week but recovered after hitting 61.8% retracement of 0.6864 to 0.7237 at 0.7006. Initial bias is turned neutral this week for consolidations. Deeper decline is expected as Read more…
USD/CAD’s rally from 1.3730 continued last week and there is no clear sign of topping yet. Initial bias stays on the upside for retesting 1.4247 high. On the downside, below 1.4096 minor support will turn Read more…
GBP/JPY stayed in consolidations above 207.06 short term bottom last week. Initial bias remains neutral this week first. On the upside, above 211.25 will target 38.2% retracement of 219.56 to 207.06 at 211.83. Break there Read more…
EUR/JPY stayed in consolidations above 177.82 short term bottom last week. Initial bias stays neutral this week first. On the upside, above 38.2% retracement of 187.93 to 181.68 will target 61.8% retracement at 184.06 next. Read more…
EUR/GBP edged higher last week but failed to sustain above 0.8610 support turned resistance. Initial bias remains neutral and outlook stays bearish. On the downside, break of 0.8551 support will indicate that corrective bounce from Read more…
EUR/AUD rebounded after dipping to 1.6072 last week, but upside is capped below 1.6258 support turned resistance. Initial bias remains neutral this week first, and outlook stays bearish. On the downside, decisive break of 1.6072/6108 Read more…
EUR/CHF stayed in range below 0.9478 last week, correcting the rise from 0.9094. Initial bias remains neutral this week first. In case of another fall, downside should be contained by 38.2% retracement of 0.9094 to Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights Canadian bond yields rose alongside U.S. rates, leaving the key 5-year yield at its highest level since 2024. Economic Read more…
Next week will be busy. We expect consumer spending to rise 0.8% in August, while income growth of 0.5% and annual BEA revisions should show a resilient U.S. economy. The PCE deflator is expected to Read more…
Early industry data suggests the Canadian economy stalled in July, following stronger monthly gains in real gross domestic product from April to June that averaged 0.4%. July’s manufacturing, wholesale and retail sales data all point Read more…