Sample Category Title

For the 24 hours to 23:00 GMT, the USD declined 0.24% against the JPY and closed at 110.29.

In the Asian session, at GMT0300, the pair is trading at 110.26, with the USD trading slightly lower against the JPY from yesterday's close.

Overnight data revealed that Japan's preliminary manufacturing PMI contracted to a level of 49.6 in May, following a level of 50.2 in the prior month.

The pair is expected to find support at 110.05, and a fall through could take it to the next support level of 109.84. The pair is expected to find its first resistance at 110.55, and a rise through could take it to the next resistance level of 110.84.

Going ahead, investors would keep an eye on Japan's national consumer price index for April, slated to release overnight.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

Daily Pivots: (S1) 1.6187; (P) 1.6213; (R1) 1.6232; More...

Intraday bias in EUR/AUD remains neutral and consolidation from 1.6262 might extend. In case of another fall, downside should be contained by 38.2% retracement of 1.5683 to 1.6262 at 1.6041 to bring rise resumption. Current development argues that correction from 1.6765 has completed with three waves down to 1.5683. On the upside, break of 1.6262 will target retest of 1.6765 high.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal, with bearish divergence condition in weekly MACD, and turn outlook bearish.

For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 1.0092.

In the Asian session, at GMT0300, the pair is trading at 1.0083, with the USD trading 0.09% lower against the CHF from yesterday’s close.

The pair is expected to find support at 1.0060, and a fall through could take it to the next support level of 1.0037. The pair is expected to find its first resistance at 1.0113, and a rise through could take it to the next resistance level of 1.0143.

Looking forward, investors would focus on Switzerland’s industrial production data for 1Q, slated to release in a while.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CAD and closed at 1.3433.

Data indicated that Canada's retail sales rose 1.1% on a monthly basis in March, undershooting market consensus for a gain of 1.2%. In the prior month, retail sales had recorded a revised rise of 1.0%.

In the Asian session, at GMT0300, the pair is trading at 1.3446, with the USD trading 0.10% higher against the CAD from yesterday's close.

The pair is expected to find support at 1.3386, and a fall through could take it to the next support level of 1.3326. The pair is expected to find its first resistance at 1.3478, and a rise through could take it to the next resistance level of 1.3510.

In absence of key economic releases in Canada today, investor sentiment would be determined by global macroeconomic events.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the AUD declined 0.07% against the USD and closed at 0.6881.

LME Copper prices declined 1.4% or $84.0/MT to $5920.0/MT. Aluminium prices declined 1.1% or $19.0/MT to $1747.0/MT.

In the Asian session, at GMT0300, the pair is trading at 0.6873, with the AUD trading 0.12% lower against the USD from yesterday's close.

Overnight data showed that Australia's CBA manufacturing PMI advanced to a level of 51.1 in May, following a reading of 50.9 in the prior month. Moreover, the nation's CBA services PMI rose to a level of 52.3 in May, compared to a level of 50.1 in the preceding month.

The pair is expected to find support at 0.6861, and a fall through could take it to the next support level of 0.6849. The pair is expected to find its first resistance at 0.6891, and a rise through could take it to the next resistance level of 0.6909.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

Daily Pivots: (S1) 1.1238; (P) 1.1266; (R1) 1.1287; More...

EUR/CHF's fall from 1.1476 is still in progress and could extend towards 1.1162 low. We'd expect strong support above there to bring rebound. On the upside, break of 1.1317 minor resistance will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 1.1484 again.

In the bigger picture, at this point, we're slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

For the 24 hours to 23:00 GMT, Gold declined 0.09% against the USD and closed at USD1273.30 per ounce.

In the Asian session, at GMT0300, the pair is trading at 1272.90, with gold trading slightly lower against the USD from yesterday’s close.

The pair is expected to find support at 1270.90, and a fall through could take it to the next support level of 1268.90. The pair is expected to find its first resistance at 1276.00, and a rise through could take it to the next resistance level of 1279.10.

The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Silver traded flat against the USD and closed at USD14.44 per ounce.

In the Asian session, at GMT0300, the pair is trading at 14.42, with silver trading 0.10% lower against the USD from yesterday’s close.

The pair is expected to find support at 14.37, and a fall through could take it to the next support level of 14.31. The pair is expected to find its first resistance at 14.48, and a rise through could take it to the next resistance level of 14.53.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

Daily Pivots: (S1) 1.3383; (P) 1.3412; (R1) 1.3466; More...

USD/CAD quickly recovered after dipping to 1.3357 and intraday bias stays neutral first. Outlook is unchanged that price actions from 1.3521 is a consolidation pattern. Thus, in case of deeper pull back, downside should be contained above 1.3274 support to bring rally resumption. On the upside, firm break of 1.3521 will resume the whole rise from 1.3068 to retest 1.3664 high. However, decisive break of 1.3274 support will indicate completion of rise from 1.3068 and turn outlook bearish.

In the bigger picture, USD/CAD is staying well inside medium term rising channel (support at 1.3296). Thus, the up trend from 1.2061 (2017 low) should be in progress. On the upside, decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to 78.6% retracement at 1.4127 next. This will remain the favored case as long as 1.3068 support holds. However, sustained break the channel support will be the first sign of medium term reversal. Firm break of 1.3068 would confirm.

For the 24 hours to 23:00 GMT, Crude Oil declined 2.48% against the USD and closed at USD61.38 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles rose by 4.7 million barrels to 476.8 million in the week ended 17 May 2019.

In the Asian session, at GMT0300, the pair is trading at 61.13, with oil trading 0.41% lower against the USD from yesterday’s close, amid concerns over rising US crude inventories and weak demand from refineries.

The pair is expected to find support at 60.45, and a fall through could take it to the next support level of 59.76. The pair is expected to find its first resistance at 62.30, and a rise through could take it to the next resistance level of 63.46.

Crude oil is trading below its 20 Hr and 50 Hr moving averages.