Daily Pivots: (S1) 155.46; (P) 155.97; (R1) 156.90; More… Intraday bias in GBP/JPY remains on the upside for retesting 157.74/158.19 resistance. Firm break there will resume larger up trend from 123.94. On the downside, break Read more…
Daily Pivots: (S1) 129.97; (P) 130.76; (R1) 132.32; More…. EUR/JPY’s break of 131.59 resistance confirms resumption of whole rebound from 127.36. More importantly, the development revives the case that consolidation pattern from 134.11 has finished Read more…
Daily Pivots: (S1) 0.8326; (P) 0.8371; (R1) 0.8457; More… EUR/GBP’s break of 0.8421 resistance indicates that a short term bottom is at least formed at 0.8282, just ahead of 0.8276 long term support. Intraday bias Read more…
Daily Pivots: (S1) 1.5890; (P) 1.5965; (R1) 1.6097; More… EUR/AUD’s choppy rise from 1.5559 is still in progress and further rally should be seen to retest 1.6168 resistance first. Firm break there will target 1.6434 Read more…
Daily Pivots: (S1) 1.0427; (P) 1.0485; (R1) 1.0587; More…. EUR/CHF’s rebound from 1.0298 accelerates to as high as 1.0548 so far. The strong break of 1.0510 resistance argues that a medium term bottom was already Read more…
Euro remains in the spotlight in Asian session, as post-ECB rally is extending. Dollar is particularly in pressure as markets are awaiting disappointment from non-farm payroll job data. Yen is currently the second weakest for Read more…
DXY: On the weekly, prices are on bullish momentum and abiding to our ascending trendline. We see potential for prices to bounce from our 1st support at 94.804 in line with 38.2% Fibonacci retracement and Read more…
US non-farm payroll report is a major focus today. Markets are expecting 150k job growth in January. Unemployment rate is expected to stay unchanged at 3.90%. Average hourly earnings are expected to grow 0.50% mom. Read more…
BoJ Governor Haruhiko Kuroda told the parliament today that inflation remains subdued in Japan because of the delay in recovery from pandemic, the public’s deflationary mindset and firms’ assumption that prices won’t rice much. “In Read more…
Richmond Fed President Thomas Barkin in a Reuters interview, “it is a straightforward call to say we ought to get rates back into better position. It does not feel to me like there is enough Read more…