GBP/JPY’s decline last week should confirm prior rejection by 55 D EMA (now at 192.44) which is a bearish sign. However, downside is still contained well above 187.04 support. Initial bias remains neutral this week Read more…
EUR/JPY’s steep decline last week confirmed prior rejection by 55 D EMA (now at 160.47), which is a bearish sign. But downside is contained above 155.72 support so far. Initial bias is neutral this week Read more…
EUR/GBP’s decline from 0.8472 resumed by breaking through 0.8290 support last week. Initial bias stays on the downside this week despite weak momentum. Further fall should be seen to retest 0.8221 low. Nevertheless, firm break Read more…
EUR/AUD’s decline last week suggests that corrective pattern from 1.6800 is still extending. With a temporary low formed at 1.6355, initial bias is neutral this week first. On the downside, below 1.6355 will target 61.8% Read more…
EUR/CHF dipped lower last week but stayed above 0.9359 support. Initial bias remains neutral this week first. On the downside, firm break of 0.9359 will revive the case that choppy rise from 0.9204 is merely Read more…
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US equity markets experienced a slight downturn due to concerns about inflation impacting consumer spending, highlighted by Walmart’s cautious outlook. The upcoming US PCE data is crucial as the Fed’s preferred inflation measure. Japanese inflation Read more…
Canadian Highlights Headline inflation for the month of January rose to 1.9% year-on-year, while price pressures built in core inflation measures. Canadian retail sales surged in December, registering its largest monthly gain in nearly three Read more…
Summary United States: Housing Market Troubles to Continue Residential construction and existing home sales were muted in January, illustrating continued stress on the housing market amid elevated mortgage rates. Despite the pressure on interest-rate-sensitive sectors, Read more…
Canadian gross domestic product will be in focus after firmer labour market reports in December and January, and an upside headline inflation surprise increased the odds that the Bank of Canada will forego another rate Read more…