Overall, EUR/USD is ranging across. Recently, EUR/USD rejected the resistance zone of 1.13800. Currently, EUR/USD is testing to break below the key level of 1.13. Its next support zone is at 1.12000 and the next resistance zone is at 1.13800. Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.13.
Overall, NZD/USD is ranging across. Recently, NZD/USD bounced down from the key level of 0.68. The Reserve Bank of New Zealand (RBNZ) hiked its Official Cash Rate (OCR) by 0.25% yesterday during its meeting. The central bank’s committee expressed their willingness to carry out a larger OCR hike in future meetings if necessary. The committee also agreed to start...
Overall, AUD/USD is trending upwards. Recently, AUD/USD rejected the resistance zone of 0.73000. The Wage Price Index q/q data (Actual: 0.7%, Forecast: 0.7%, Previous: 0.6%) released yesterday indicated a slight increase in employees’ wages as expected. AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000. Look for short-term...
Overall, USD/CAD is ranging across. Recently, USD/CAD bounced up from the key level of 1.27. USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200. Look for short-term buying opportunities of USD/CAD.
Overall, USD/JPY is ranging across. Currently, USD/JPY is bouncing down from the key level of 115. Its next support zone is at 114.200 and the next resistance zone of 116.000. Look for short-term selling opportunities of USD/JPY.
Yesterday, USD weakened against most major currencies except EUR and GBP. The Preliminary GDP q/q data (Forecast: 7.0%, Previous: 6.9%) will be released later at 2130 (GMT+8). FOMC member Mester will be speaking tomorrow at 0100 (GMT+8). During this time, there may be volatility in USD.
Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced off the support zone of 156.000. Bank of England Governor Bailey and the central bank’s committee members will be testifying on the monetary policy report later at 1730 (GMT+8). During this time, there may be volatility in GBP. GBP/JPY’s next support zone is at 156.000 and the next resistance zone is...
Overall, GBP/USD is ranging across. Recently, GBP/USD rejected the resistance zone of 1.36000. Bank of England Governor Bailey and the central bank’s committee members will be testifying on the monetary policy report later at 1730 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/USD is testing the resistance zone of 1.36000 and the next...
Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the resistance zone of 130.000. EUR/JPY’s next support zone is at 130.000 and the next resistance zone is at 131.500. Look for short-term buying opportunities of EUR/JPY.
Overall, EUR/USD is ranging across. Recently, EUR/USD bounced up from the key level of 1.13. EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13800. Look for short-term selling opportunities of EUR/USD.
Overall, NZD/USD is ranging across. Recently, NZD/USD broke the resistance zone of 0.67100. The Reserve Bank of New Zealand (RBNZ) will be announcing their monetary policy later at 0900 (GMT+8). It is expected that the central bank will be increasing interest rate by 0.25%. If the RBNZ carries out a rate hike of 0.50%, NZD will likely be bullish. Also, focus on...
Overall, AUD/USD is trending upwards. Recently, AUD/USD broke above the key level of 0.72. The Wage Price Index q/q data (Forecast: 0.7%, Previous: 0.6%) will be released later at 0830 (GMT+8). AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000. Look for short-term buying opportunities of AUD/USD.
Overall, USD/CAD is ranging across. USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200. Look for short-term buying opportunities of USD/CAD.
Overall, USD/JPY is ranging across. The BoJ Core CPI y/y data (Actual: 0.8%, Forecast: 1.1%, Previous: 0.9%) released yesterday indicated a slowdown in annual inflation. Japanese banks will be closed today in observance of Emperor’s Birthday. Expect lower trading volatility and volume during the usual Japanese market hours. Currently, USD/JPY is testing to...
Yesterday, USD strengthened against most major currencies except EUR, AUD and NZD. The flash PMI data released yesterday indicated a faster pace of expansion in business activities in February. - Flash Manufacturing PMI (Actual: 57.5, Forecast: 56.2, Previous: 55.5 revised from 55.0) - Flash Services PMI (Actual: 56.7, Forecast: 53.2, Previous: 51.2 revised from...
Overall, GBP/JPY is ranging across. The UK flash PMI data released yesterday indicated continued expansion in the manufacturing sector while the services sector expanded at a much faster pace than previous date release. - Flash Manufacturing PMI (Actual: 57.3, Forecast: TBA, Previous: 57.3 revised from 56.9) - Flash Services PMI (Actual: 60.8, Forecast: TBA,...
Overall, GBP/USD is ranging across. The UK flash PMI data released yesterday indicated continued expansion in the manufacturing sector while the services sector expanded at a much faster pace than previous date release. - Flash Manufacturing PMI (Actual: 57.3, Forecast: TBA, Previous: 57.3 revised from 56.9) - Flash Services PMI (Actual: 60.8, Forecast: TBA,...
Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the support zone of 130.000. The series of eurozone flash PMI data released yesterday indicated that business activities continued to expand. - French Flash Manufacturing PMI (Actual: 57.9, Forecast: TBA, Previous: 55.5) - French Flash Service PMI (Actual: 57.6, Forecast: TBA, Previous: 53.1) - German...