USD/JPY Approaching Key Breakout Resistance
Key Highlights
USD/JPY started a fresh increase after trading close to 104.00.
It surpassed a major bearish trend line with resistance near 106.10 on...
EURUSD Continues To Trend
The US Dollar was mixed against its major pairs on Thursday. On the U.S. economic data front, jobless claims fell by 228 thousand to...
The Recovery Continues, Claims Dip Below 1 Million
The recovery continues, claims dip below 1 million, Oil softens, UAE/Israel historic deal, Gold’s tentative rebound
US stocks edged closer to record high territory after...
AUDUSD Bulls Flirt with Long-Term SMA after Two Years
AUDUSD has been flirting with the 200-weekly simple moving average (SMA) around 0.7240 for the past fortnight while struggling to surpass the 61.8% Fibonacci of the...
Market Morning Briefing: EURJPY Fell From 126.75 But While Above 126
STOCKS
Dow seems to lack momentum to breach the immediate resistance. As cautioned yesterday, inability to surpass the immediate resistance can trigger a sharp corrective...
Technical Analysis
USD/JPY Approaching Key Breakout Resistance
Key Highlights
USD/JPY started a fresh increase after trading close to 104.00.
It surpassed a major bearish trend line with resistance near 106.10 on...
Fundamental Analysis
Asia Morning: U.S. Stocks Hold At Highs
On Thursday, U.S. stocks held up at recent highs. The Dow Jones Industrial Average declined 80 points (-0.29%) to 27896, the S&P 500 eased...
Technical Analysis
EURUSD Continues To Trend
The US Dollar was mixed against its major pairs on Thursday. On the U.S. economic data front, jobless claims fell by 228 thousand to...
Fundamental Analysis
The Recovery Continues, Claims Dip Below 1 Million
The recovery continues, claims dip below 1 million, Oil softens, UAE/Israel historic deal, Gold’s tentative rebound
US stocks edged closer to record high territory after...
Technical Analysis
AUDUSD Bulls Flirt with Long-Term SMA after Two Years
AUDUSD has been flirting with the 200-weekly simple moving average (SMA) around 0.7240 for the past fortnight while struggling to surpass the 61.8% Fibonacci of the...
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End Of The Line For The LSAP – Review Of RBNZ August MPS
Like us, the RBNZ does not think that the medium-term outlook for the economy has changed much.
The RBNZ extended its Large Scale...
Crude’s Strength Might Pause as OPEC+ Output Set to Increase Further this Month
Crude oil prices remained firm, after the rally in July. The front-month WTI crude oil contract gained +2.36% in the first week of August,...
US China Trade Agreement 1st Half Review – A Fail?
At the 2020 half way mark, China is on a run rate to meet just 20% of its energy product obligations; 47% of agricultural...
What Marks the Spot for U.S. Dollar Weakness?
Recent U.S. dollar weakness is less pronounced when measured against the currencies of U.S. trading partners. The outlook for trade, and to a lesser...
Market Morning Briefing: EURJPY Fell From 126.75 But While Above 126
STOCKS
Dow seems to lack momentum to breach the immediate resistance. As cautioned yesterday, inability to surpass the immediate resistance can trigger a sharp corrective...
USD/JPY Approaching Key Breakout Resistance
Key Highlights
USD/JPY started a fresh increase after trading close to 104.00.
It surpassed a major bearish trend line with resistance near 106.10 on...
Asia Morning: U.S. Stocks Hold At Highs
On Thursday, U.S. stocks held up at recent highs. The Dow Jones Industrial Average declined 80 points (-0.29%) to 27896, the S&P 500 eased...
EURUSD Continues To Trend
The US Dollar was mixed against its major pairs on Thursday. On the U.S. economic data front, jobless claims fell by 228 thousand to...
The Recovery Continues, Claims Dip Below 1 Million
The recovery continues, claims dip below 1 million, Oil softens, UAE/Israel historic deal, Gold’s tentative rebound
US stocks edged closer to record high territory after...
AUDUSD Bulls Flirt with Long-Term SMA after Two Years
AUDUSD has been flirting with the 200-weekly simple moving average (SMA) around 0.7240 for the past fortnight while struggling to surpass the 61.8% Fibonacci of the...
Sunset Market Commentary
Markets
Risk appetite dwindled somewhat today. Stocks decline slightly with moves up to 0.5% lower. With no major news flashes, today’s move tells nothing more...
Eyeing Record Territory Again
Wednesday Rebound Just What the Doctor Ordered
Equity markets recovered strongly on Wednesday, buoyed by encouraging inflation data from the US that assuaged deflation fears.
Red...
US Futures Consolidating – Watch CSCO, LYFT, MU
The S&P 500 Futures consolidate after they posted a strong rebound yesterday with tech shares gaining the most. Official data showed that U.S. Core Consumer...
EURUSD Uptrend Edges Sideways, Upside Risks Remain
EURUSD appears to have consolidated its advancements between 1.1695 and 1.1915, despite existing positive signals. In the meantime, the price is engaging the Ichimoku...
Market Morning Briefing: EURJPY Fell From 126.75 But While Above 126
STOCKS
Dow seems to lack momentum to breach the immediate resistance. As cautioned yesterday, inability to surpass the immediate resistance can trigger a sharp corrective...
EURUSD Continues To Trend
The US Dollar was mixed against its major pairs on Thursday. On the U.S. economic data front, jobless claims fell by 228 thousand to...
Sunset Market Commentary
Markets
Risk appetite dwindled somewhat today. Stocks decline slightly with moves up to 0.5% lower. With no major news flashes, today’s move tells nothing more...
EURUSD Uptrend Edges Sideways, Upside Risks Remain
EURUSD appears to have consolidated its advancements between 1.1695 and 1.1915, despite existing positive signals. In the meantime, the price is engaging the Ichimoku...
EURUSD Watching 1.1840
The euro currency has staged a powerful rally above the 1.1800 level against the US dollar, with the pair making new weekly trading high....
EUR/USD Trades At 1.1830
On Wednesday, the EUR/USD currency pair raised to the 1.1820 level. During today's morning, the pair was trading at 1.1830.
It is likely that the...
EUR/JPY Bulls Could Prevail
The common European currency jumped by 122 pips or 0.98% against the Japanese Yen on Wednesday. The currency pair breached the weekly resistance level...
EUR/USD Completing ABC Flat Pattern In Wave 4
The EUR/USD is breaking above the critical 21 ema zone. This occurred after a double bottom (green box) and within a super strong uptrend....
US Inflation Comforts Markets
US consumer inflation crushes estimates
The buy everything trade returned with a vengeance overnight, greenlighted by higher than expected US Inflation and Core Inflation. Both...
EURJPY Rescued By Ichimoku Cloud, Positive Course On Track
EURJPY is tackling the fresh near 16-month high of 126.20 after a recent bounce on the cloud’s upper surface repowered the positive incline. The...
Market Morning Briefing: EURJPY Fell From 126.75 But While Above 126
STOCKS
Dow seems to lack momentum to breach the immediate resistance. As cautioned yesterday, inability to surpass the immediate resistance can trigger a sharp corrective...
USD/JPY Approaching Key Breakout Resistance
Key Highlights
USD/JPY started a fresh increase after trading close to 104.00.
It surpassed a major bearish trend line with resistance near 106.10 on...
USD/JPY Supported By 55-Hour SMA
On Wednesday, the USD/JPY currency pair tried to exceed the Fibo 38.20% at 106.86. During today's morning, the pair was trading neat the given...
EUR/JPY Bulls Could Prevail
The common European currency jumped by 122 pips or 0.98% against the Japanese Yen on Wednesday. The currency pair breached the weekly resistance level...
AUDJPY Fights Long-Term Resistance Area, Bearish Divergence Detected
AUDJPY stepped on the supportive ascending trendline earlier this week and shifted north again to fight the heavy ceiling around 76.70, which has been...
EURJPY Rescued By Ichimoku Cloud, Positive Course On Track
EURJPY is tackling the fresh near 16-month high of 126.20 after a recent bounce on the cloud’s upper surface repowered the positive incline. The...
Daily Technical Analysis
EUR/USD
Current level - 1.1809
The currency pair continued its upward movement from yesterday's trading session and once more tested the minor resistance at 1.1815. If...
USD/JPY: Under Pressure
Pivot (invalidation): 106.95
Our preference Short positions below 106.95 with targets at 106.45 & 106.20 in extension.
Alternative scenario Above 106.95 look for further upside with...
USDJPY 107.00 Rejection
The US dollar is under slight downside pressure against the Japanese yen currency, following a heavy technical rejection from the 107.00 resistance area. Bears...
Japan’s Producer Price Index Rose In July
For the 24 hours to 23:00 GMT, the USD rose 0.35% against the JPY and closed at 106.86.
In the Asian session, at GMT0300, the...
Market Morning Briefing: EURJPY Fell From 126.75 But While Above 126
STOCKS
Dow seems to lack momentum to breach the immediate resistance. As cautioned yesterday, inability to surpass the immediate resistance can trigger a sharp corrective...
Sunset Market Commentary
Markets
Risk appetite dwindled somewhat today. Stocks decline slightly with moves up to 0.5% lower. With no major news flashes, today’s move tells nothing more...
GBP/USD Could Go Upwards
Yesterday, the GBP/USD exchange rate reversed north from the lower line of the medium-term ascending channel. During Thursday morning, the rate was trading at...
Asian Stocks Rally, Taking A Cue From Wall Street Optimism
Asian stocks surged during the early trading session on Thursday, following a spike in Wall Street indices led by tech stocks on the previous...
Daily Technical Analysis
EUR/USD
Current level - 1.1809
The currency pair continued its upward movement from yesterday's trading session and once more tested the minor resistance at 1.1815. If...
GBP/USD: The Upside Prevails
Pivot (invalidation): 1.3035
Our preference Long positions above 1.3035 with targets at 1.3095 & 1.3120 in extension.
Alternative scenario Below 1.3035 look for further downside with...
GBP/USD Trading A Tad Weaker On GDP Data
The British pound sterling continues to trade weaker with price briefly testing the lows, just a few pips above the 1.3000 level.
Price action has...
UK’s Economy Contracted In The 2Q 2020
For the 24 hours to 23:00 GMT, the GBP declined 0.16% against the USD and closed at 1.3036, after Britain's economy entered into recession.
On...
Market Morning Briefing: Dollar-Yen Has Dipped Slightly
STOCKS
Dow is hovering near its crucial resistance which will have to be broken in order to move further higher. While this resistance holds, a...
EURGBP Creeps Sideways Below Limiting 200-MA
EURGBP is currently attempting to jump above the heavy 200-period simple moving average (SMA), which has kept the deterioration of the pair alive. The...
USDCHF Stands In Descending Triangle Near 0.9100
USDCHF has been in a slightly descending movement since August 3 with strong support level at the 0.9050 barrier. Currently, the price is holding...
USD Weakens As Doubts For Stimulus Arise
The USD weakened against some of its counterparts yesterday as hopes for a quick fiscal stimulus for the US economy tended to retreat. The...
USD/CHF: Look For 0.9080
Pivot (invalidation): 0.9125
Our preference Short positions below 0.9125 with targets at 0.9095 & 0.9080 in extension.
Alternative scenario Above 0.9125 look for further upside with...
Swiss Franc Trading On A Stronger Footing This Morning
For the 24 hours to 23:00 GMT, the USD declined 0.50% against the CHF and closed at 0.9122.
In the Asian session, at GMT0300, the...
USD/CHF: 0.9220 Expected
Pivot (invalidation): 0.9165
Our preference Long positions above 0.9165 with targets at 0.9200 & 0.9220 in extension.
Alternative scenario Below 0.9165 look for further downside with...
Swiss Franc Trading On A Weaker Footing This Morning
For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CHF and closed at 0.9168.
In the Asian session, at GMT0300, the...
NZD/CHF 4H Chart: Short-Term Decline Expected
The NZD/CHF exchange rate has been declining within a descending channel since the end of July.
From a theoretical perspective, it is likely that the...
CHF/SGD 4H Chart: Ascending Channel In Sight
The CHF/SGD currency pair has been trading upwards within an ascending channel since the middle of July.
From a theoretical point of view, it is...
USD/CHF 4H Chart: Potential Target At 0.9250
The US Dollar has been declining in a descending channel pattern against the Swiss Franc since the last three months. The currency pair hit...
USD/CHF: The Bias Remains Bullish
Pivot (invalidation): 0.9140
Our preference Long positions above 0.9140 with targets at 0.9170 & 0.9185 in extension.
Alternative scenario Below 0.9140 look for further downside with...
USD/CAD Selling Signals
The US Dollar plunged by 111 pips or 0.83% against the Canadian Dollar on Wednesday. The currency pair breached the weekly support level at...
USD/CAD: Aim 1.3195
Pivot (invalidation): 1.3265
Our preference Short positions below 1.3265 with targets at 1.3225 & 1.3195 in extension.
Alternative scenario Above 1.3265 look for further upside with...
Loonie Extends Its Gains In The Morning Session
For the 24 hours to 23:00 GMT, the USD declined 0.40% against the CAD and closed at 1.3249.
In the Asian session, at GMT0300, the...
CADJPY Jumps to 2-Month High but Needs Steeper Moves for Bullish Bias
CADJPY looks to be mostly neutral despite the latest ascent move from the 77.65 low. Currently, the pair is testing a new two-month high...
USD/CAD Remains Near 1.3347
The US Dollar declined by 86 basis points or 0.64% against the Canadian Dollar on Tuesday. The currency pair tested the monthly support line...
USD/CAD: Further Upside
Pivot (invalidation): 1.3305
Our preference Long positions above 1.3305 with targets at 1.3350 & 1.3380 in extension.
Alternative scenario Below 1.3305 look for further downside with 1.3270...
Canada’s Housing Starts Unexpectedly Climbed In July
For the 24 hours to 23:00 GMT, the USD declined 0.42% against the CAD and closed at 1.3302.
On the data front, Canada's housing starts...
GBPCAD Recedes, Yet Retains a Positive Tone
GBPCAD faded further into the Ichimoku cloud and dropped below the 50-period simple moving average (SMA), following the retracement from the three-month high of...
Canadian Housing Starts Show Continued Resilience in July
Canadian housing starts jumped to 245.6k (annualized) units in July, up from 212.1k units in June. Stripping away monthly noise, the 6-month moving average...
USD/CAD Tests 100– Hour SMA
The US Dollar declined by 56 points or 0.42% against the Canadian Dollar on Monday. The USD/CAD currency pair breached a support cluster formed...
Market Morning Briefing: EURJPY Fell From 126.75 But While Above 126
STOCKS
Dow seems to lack momentum to breach the immediate resistance. As cautioned yesterday, inability to surpass the immediate resistance can trigger a sharp corrective...
AUDUSD Bulls Flirt with Long-Term SMA after Two Years
AUDUSD has been flirting with the 200-weekly simple moving average (SMA) around 0.7240 for the past fortnight while struggling to surpass the 61.8% Fibonacci of the...
US Futures Consolidating – Watch CSCO, LYFT, MU
The S&P 500 Futures consolidate after they posted a strong rebound yesterday with tech shares gaining the most. Official data showed that U.S. Core Consumer...
AUD/USD Two Scenarios Likely
The AUD/USD currency pair bounced off the lower boundary of an ascending channel pattern on Wednesday. The exchange rate surged by 58 pips or...
AUDJPY Fights Long-Term Resistance Area, Bearish Divergence Detected
AUDJPY stepped on the supportive ascending trendline earlier this week and shifted north again to fight the heavy ceiling around 76.70, which has been...
Asian Stocks Rally, Taking A Cue From Wall Street Optimism
Asian stocks surged during the early trading session on Thursday, following a spike in Wall Street indices led by tech stocks on the previous...
AUD/USD: The Bias Remains Bullish
Pivot (invalidation): 0.7155
Our preference Long positions above 0.7155 with targets at 0.7190 & 0.7200 in extension.
Alternative scenario Below 0.7155 look for further downside with 0.7140...
Australia’s Consumer Inflation Expectations Climbed In August
For the 24 hours to 23:00 GMT, the AUD rose 0.18% against the USD and closed at 0.7160.
LME Copper prices rose 0.4% or $22.5/MT...
Australia: Employment Continued the Recovery through July
July Labour Force Survey. Total employment +114.7k of which full-time was +43.5k and part-time 71.2k. Unemployment lifted 0.1ppt to 7.5%.
Total employment surged a...
Market Morning Briefing: Dollar-Yen Has Dipped Slightly
STOCKS
Dow is hovering near its crucial resistance which will have to be broken in order to move further higher. While this resistance holds, a...
NZD/USD Could Edge Higher
The New Zealand Dollar surged by 54 pips or 0.82% against the US Dollar on Wednesday. The currency pair tested the monthly pivot point...
US Dollar Retreats After US Inflation Data
US dollar drops as inflation numbers revive confidence
The US dollar gave back all its initial gains yesterday, finishing the day lower after a reliable...
NZD Trades Mixed After Rate Decision
The US Dollar was under pressure against all of its major pairs on Wednesday except for the GBP and JPY. On the U.S. economic...
When FOMO Turns To Foe-MO
Gold and silver slide
The buy-everything FOMO herd finally experienced some emotional two-way price action overnight, as both gold and silver delivered a harsh lesson...
NZD/USD Could Break Support
The New Zealand Dollar declined by 62 basis points or 0.93% against the US Dollar on Tuesday. The currency pair tested the lower boundary...
NZDUSD Dips Beneath 5-Month Uptrend Line
NZDUSD has declined beneath the five-month ascending trend line and the 40-day simple moving average (SMA), indicating a downside pullback. The momentum indicators are...
Vaccine Fever Shakes Markets, RBNZ Shoots Kiwi Down
Vaccine news catapult global yields higher, push stocks lower
Gold falls without a parachute – has it peaked?
Dollar inches higher amidst the...
End Of The Line For The LSAP – Review Of RBNZ August MPS
Like us, the RBNZ does not think that the medium-term outlook for the economy has changed much.
The RBNZ extended its Large Scale...
Gold Smashed On Massive Profit Taking
US stocks sold sharply into the closing bell on stalling fiscal stimulus discussions in the US. Broad profit taking on tech stocks sent Nasdaq...
New Zealand Dollar Falls After Dovish RBNZ Decision
The New Zealand dollar declined after the Reserve Bank of New Zealand delivered its interest rate decision. The bank left interest rates unchanged, as...
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