GBP/USD’s pullback from 1.3675 extended lower last week but recovered after hitting 1.3473. Initial bias remains neutral this week first. On the downside, sustained break of 55 D EMA (now at 1.3475) will indicate that Read more…
USD/CHF edged higher to 0.8156 last week but retreated since then. After all, it’s bounded in range of 0.7948/8205 despite the volatility. Initial bias is turned neutral this week first. Rise from 0.7603 should still Read more…
AUD/USD’s rally from 0.6864 resumed by breaking through 0.7207 last week. Initial bias stays on the upside this week for retesting 07277 high. For now, further rally is expected as long as 0.7120 support holds, Read more…
Despite some volatility last week, USD/CAD stays in range above 1.3730. Initial bias is turned neutral this week first. The rejection at 38.2% retracement of 1.4247 to 1.3730 at 1.3927 suggests that fall from 1.4247 Read more…
GBP/JPY fell sharply last week and there no clear sign of bottoming yet. Initial bias remains on the downside this week first. Fall from 217.45 is seen as the third leg of the corrective pattern Read more…
EUR/JPY fell sharply last week and there is no clear sign of bottoming yet. Initial bias stays on the downside this week first. Fall from 186.00 is seen as another leg in the corrective pattern Read more…
EUR/GBP rose to 0.8607 last week and retreated since then. Initial bias remains neutral this week first. Outlook is unchanged that rebound from 0.8453 is seen as a corrective move. Upside should be limited by Read more…
EUR/AUD’s decline from 1.6617 continued last week and there is no clear sign of bottoming. Initial bias stays on the downside this week. Decisive break of 1.6108 low will will resume the whole down trend Read more…
EUR/CHF’s rally from 0.8979 resumed last week but retreated after hitting 0.9434. Initial bias remains neutral this week for consolidations. Further rise is expected as long as 0.9304 support holds. Above 0.9434 will target 161.8% Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights The Bank of Canada held rates at 2.25% but struck a more hawkish tone, citing elevated energy prices and Read more…