Please try another search
Risk aversion was the theme last week as S&P 500 tumbled -3.1% over the week and recorded the biggest fall since May 2012. DJIA also followed by losing -2.7%. Long term US treasury yields also...
GBP/JPY Daily OutlookDaily Pivots: (S1) 173.32; (P) 174.23; (R1) 174.78; At this point, GBP/JPY is still trying to draw support from 61.8% retracement of 169.34 to 180.70 at 173.67. Above 175.90...
Dollar extended this week's pull back as markets perceived the FOMC minutes of the September 16-17 meeting as a bit more dovish than expected. Policy members were concerned that the growth in US could...
GBP/JPY Daily OutlookDaily Pivots: (S1) 173.32; (P) 174.23; (R1) 174.78; At this point, GBP/JPY is trying to draw support from 61.8% retracement of 169.34 to 180.70 at 173.67. Above 175.90 minor...
The yen extended its rally over night and is so far the strongest major currency this week. Risk aversion and steep fall in treasury yields were two factors that drove the yen higher. DOW failed to...
GBP/JPY Daily OutlookDaily Pivots: (S1) 174.45; (P) 174.92; (R1) 175.40; Intraday bias in GBP/JPY remains on the downside for the moment. At this point, we'd still expect strong support around 61.8%...
GBP/JPY Daily OutlookDaily Pivots: (S1) 174.80; (P) 175.35; (R1) 177.83; Intraday bias in GBP/JPY remains on the downside for the moment. At this point, we'd still expect strong support around 61.8%...
Aussie recovered overnight following broad based pull back in dollar. And the currency holds gain after RBA left rate unchanged at 2.50% as widely expected. The central bank maintained its neutral...
After struggling in consolidation for most of the week, dollar's rally took off again towards the end as boosted by strong employment data from US. The greenback ended the week as the strongest...
Dollar stays firm in Asian session as markets open the week quietly. The greenback is pressing last week's high against Euro, Sterling, Loonie and Aussie and is staying in tight range. The dollar did...
GBP/JPY Daily OutlookDaily Pivots: (S1) 175.56; (P) 176.83; (R1) 177.50; Intraday bias in GBP/JPY remains mildly on the downside and deeper fall could be see. At this point, we'd still expect...
GBP/JPY Daily Pivots: (S1) 175.56; (P) 176.83; (R1) 177.50; The break of 38.2% retracement of 169.34 to 180.70 at 176.36 suggests that deeper pull back is underway. Intraday bias is mildly on the...
Dollar retreated broadly overnight after weaker than expected manufacturing data. The ISM manufacturing index dropped to 56.6 in September versus expectation of 58.5. It should also be noted that the...
GBP/JPY Daily OutlookDaily Pivots: (S1) 177.37; (P) 177.73; (R1) 178.11; Intraday bias in GBP/JPY remains neutral as consolidation from 180.70 continues. Downside of consolidation would be...
Yen weakens against the broadly strong dollar with USD/JPY breaching 110 handle. The Tankan survey overall showed mixed sentiments in Q3 and provided little support to the yen. The large manufacturing...
GBP/JPY Daily Pivots: (S1) 177.30; (P) 177.74; (R1) 178.25; Intraday bias in GBP/JPY remains neutral as consolidation from 180.70 continues. Downside of consolidation would be contained by 38.2%...
The Japanese yen remains steady in range after release of a bunch of economic data. Unemployment rate dropped to 3.5% in August, hitting a three month low. Retail sales rose 1.2% yoy versus...