We expect new home sales to rebound modestly in June following recent weakness, although elevated mortgage rates and soft buyer demand suggest housing activity remains subdued. Internationally, we expect Canadian inflation to ease modestly, while U.K. inflation and labor market data should provide insight into whether underlying price pressures remain persistent. We anticipate the ECB […]
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AUD/USD’s extended rebound stalled after hitting 55 D EMA (now at 0.7014), just ahead of 38.2% retracement of 0.7277 to 0.6864 at 0.7022. Initial bias remains neutral first, and fall from 0.7277 is mildly in Read more…
USD/CAD’s pullback from 1.4247 accelerated lower last week but overall outlook is unchanged. It’s seen as correcting the rise from 1.3480 only. Downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to Read more…
GBP/JPY’s up trend continued last week and edged higher to 219.56. But as a temporary top was formed there with subsequent retreat, initial bias remains neutral this week first. Downside of consolidations should be contained Read more…