EUR/JPY’s rally from 156.16 extended higher last week. The development is in line with the case that corrective pattern from 154.04 is extending with another rising leg. Initial bias stays on the upside for 166.67 resistance next. For now, risk will stay on the upside as long as 159.79 support holds, in case of retreat. […]
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The financial markets were jolted by Fed’s hawkish rate cut last week, sending ripples across stocks, bonds, currencies, precious metals, and even cryptocurrencies. Fed’s indication of prolonged restrictive monetary policy fueled risk aversion, pushing Dollar Read more…
EUR/USD tried to resume the fall from 1.1213 last week but failed to break through 1.0330 support and recovered. Initial bias is turned neutral this week first. While stronger recovery cannot be ruled out, outlook Read more…