AUD/USD’s rebound from 0.6864 continued last week despite brief setback. Initial bias is on the upside this week for 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083. Firm break there could prompt upside Read more…
USD/CAD’s fall from 1.4247 extended lower last week and broke through 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954). The development argues that rebound from 1.3480 might have completed with three waves Read more…
GBP/JPY rebounded after initial fall to 209.55 last week. Initial bias stays neutral this week for some consolidations. Risk will remain on the downside as long as 55 4H EMA (now at 213.94) holds. Break Read more…
EUR/JPY rebounded after initial fall to 179.34 last week. Initial bias stays neutral this week first and more consolidations would be seen. But risk will remain on the downside as long as 55 4H EMA Read more…
EUR/GBP stayed in tight range below 0.8585 last week and outlook is unchanged. Initial bias remains neutral this week first. While rebound from 0.9453 might extend, strong resistance should be seen from 0.8610 support turned Read more…
EUR/AUD stayed in range of 1.6250/6503 last week. Initial bias remains neutral this week first. Current development suggests that the corrective pattern from 1.6108 (or 1.6125) is still extending. On the upside, above 1.6530 will Read more…
EUR/CHF’s rally resumed last week but lost momentum again after hitting 0.9371. Initial bias is turned neutral this week for consolidations. Outlook will remain bullish as long as 0.9270 support holds. On the upside decisive Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights Canadian employment jumped 75k in July, with broad-based gains across industries, pushing the unemployment rate down to 6.4% and Read more…
Next week, we expect CPI to have remained temperate in July, with pressures becoming less widespread and more concentrated in specific sectors. Retail spending is expected to rise modestly, and housing activity remains under pressure Read more…
Canadian manufacturing and wholesale sales data for June next Friday should reveal readings consistent with more real gross domestic product growth in June, capping off a solid Q2. The BoC highlighted two-sided risks to the Read more…