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GBP/JPY Daily OutlookDaily Pivots: (S1) 134.59; (P) 137.03; (R1) 141.07; The breach of 139.01 minor resistance suggests that a short term bottom is formed at 128.86 on bullish convergence condition in...
Risk appetite continued with S&P 500 extending the record run to close at 2152.14 overnight, up 14.98 pts or 0.70%. DJIA also followed and made new high at 18371.95 before closing at 18347.67, up...
GBP/JPY Daily OutlookDaily Pivots: (S1) 131.21; (P) 132.47; (R1) 134.85; Intraday bias in GBP/JPY remains neutral for consolidations above 128.86 temporary low. Break of 139.01 resistance is needed...
Sterling is generally higher this week as political situation in UK stabilized. Home Secretary Theresa May is set to be the next prime minister after Energy Minister Andrea Leadsome quite the race....
GBP/JPY Daily OutlookDaily Pivots: (S1) 129.58; (P) 130.22; (R1) 130.82; Intraday bias in GBP/JPY remains neutral for consolidations above 128.86 temporary low. Break of 139.01 resistance is needed...
Asian markets open sharply higher, following the strong US close on Friday. At the time of writing, Nikkei is trading up 500 pts or 3.3%, HK HSI is up 350 pts or 1.7%. Dollar and Swiss Franc are both...
The employment data from US was the highlight of last week and was well received by the markets. The 284k growth in NFP in June showed that May's surprising low number was just a blip and temporary...
GBP/JPY Daily OutlookDaily Pivots: (S1) 129.11; (P) 130.53; (R1) 131.49; Intraday bias in GBP/JPY stays on the downside for next projection level at 122.71. On the upside, break of 139.01 resistance...
Dollar remains mixed as markets are turning the focus to employment data from US. Economists expect non-farm payroll report to show 180k growth in June with unemployment rate rose to 4.8%. Average...
GBP/JPY Daily OutlookDaily Pivots: (S1) 130.90; (P) 133.57; (R1) 135.12; Intraday bias in GBP/JPY stays on the downside for next projection level at 122.71. On the upside, break of 139.01 resistance...
Dollar is so far mixed for the week after FOMC minutes unveiled that policy makers are divided on the rate path. The minutes for the June 14-15 FOMC meeting stated that it was "prudent to wait" for...
GBP/JPY Daily OutlookDaily Pivots: (S1) 130.90; (P) 133.57; (R1) 135.12; GBP/JPY's decline resumed by taking out 133.23 and reaches as low as 128.66 so far. Intraday bias is back on the downside....
Risk aversion struck back the market overnight with DJIA reversing ahead of 18000 handle and closed down -108.75 pts, or -0.61%, at 17840.62. S&P 500 lost -14.4 pts, or -0.68% to close at 2088.55....
EUR/JPY Daily OutlookDaily Pivots: (S1) 114.03; (P) 114.27; (R1) 114.58; Intraday bias in EUR/JPY remains neutral for the moment. We'd continue to expected 115.49 to limit upside and bring fall...
Aussie is mildly lower after RBA left cash rate unchanged at 1.75% as widely expected. The central bank maintained a neutral stance in the statement, but hinted that it might adjust the stance based...
GBP/JPY Daily OutlookDaily Pivots: (S1) 135.23; (P) 136.44; (R1) 137.14; Intraday bias in GBP/JPY stays neutral for consolidation above 133.23 temporary low. Upside of recovery should be limited by...
The strong come back in UK stock market last week argued that investors were indeed not too worried about Brexit. FTSE 100 angered the best week since 2011 and closed at 6577.83, well above pre-Brexit...