USD/JPY’s strong break of 157.99 support indicates rebound from 155.22 has completed as a three wave corrective move to 160.38. Intraday bias is back on the downside for 155.22 low, and then 154.76/155.01 key support Read more…
Intraday bias in GBP/USD remains mildly on the downside at this point. Sustained break of 55 D EMA (now at 1.3472) will indicate that whole rebound from 1.3139 has completed. Deeper fall should be seen Read more…
Rumours of changes to the GPIF’s portfolio structure, currency interventions and monetary tightening by the BoJ are bolstering the yen. Falling Treasury yields and a weakening dollar are lending a helping hand to the ‘bears’ Read more…
Intraday bias in USD/CHF is turned neutral first with current retreat. Above 0.8156 will bring retest of 0.8205 high first. Firm break there will extend larger rally from 0.7603. Next target is 100% projection of Read more…
Eurozone private-sector growth held firm in August, with PMI Composite unchanged at 52.0, matching July’s eight-month high and remaining close to long-run average of 52.3. New orders increased at same solid pace as July, jointly Read more…
Six months ago, an opposition lawmaker in Taipei asked a blunt question about Taiwan Semiconductor Manufacturing Company’s (TSM) expanding US footprint. If the company keeps building in Arizona, he wanted to know, what happens to Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal The sun is a welcome sight Read more…
AUD/USD recovered after falling to 0.7120 and intraday bias is turned neutral first. Price action from 0.7207 is seen as correcting the rise from 0.6864. Risk will stay on the downside as long as 0.7207 Read more…
The quick reversal from 1.3938 and break of 1.3843 argues that rebound from 1.3730 has completed. That also revive the bearish case that such rebound is merely a corrective move. Intraday bias is back on Read more…
GBP/JPY’s steep decline suggests that rebound from 209.55 has already completed at 217.45. Fall from there is seen as the third leg of the corrective pattern from 219.56. Intraday bias is back on the downside Read more…