Overall, EUR/USD is ranging across. Recently, EUR/USD rejected the resistance zone of 1.13800. 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:...
Overall, NZD/USD is ranging across. The Reserve Bank of New Zealand (RBNZ) will be announcing their monetary policy tomorrow 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 the interest rate projection released in the quarterly...
Overall, AUD/USD is ranging across. Recently, AUD/USD bounced down from the key level of 0.72. Reserve bank of Australia Assistant Governor Kent will be speaking later at 0900 (GMT+8). During this time, there may be volatility in AUD. The Wage Price Index q/q data (Forecast: 0.7%, Previous: 0.6%) will be released tomorrow at 0830 (GMT+8). AUD/USD’s next support...
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. Recently, USD/JPY broke below the key level of 115. The Japanese Flash Manufacturing PMI data (Actual: 52.9, Forecast: TBA, Previous: 55.4 revised from 54.6) released yesterday indicated a slowdown in the expansion of the manufacturing sector in January. The BoJ Core CPI y/y data (Forecast: 1.1%, Previous: 0.9%) will be...
Yesterday, USD weakened against most major currencies except EUR and CAD. The flash PMI data will be released later at 2245 (GMT+8). - Flash Manufacturing PMI (Forecast: 56.2, Previous: 55.5 revised from 55.0) - Flash Services PMI (Forecast: 53.2, Previous: 51.2 revised from 50.9)
Overall, GBP/JPY is ranging across. Recently, GBP/JPY traded into the support zone of 156.000. The UK flash PMI data will be released later at 1730 (GMT+8). - Flash Manufacturing PMI (Forecast: TBA, Previous: 57.3 revised from 56.9) - Flash Services PMI (Forecast: TBA, Previous: 54.1 revised from 53.3) Currently, GBP/JPY is testing the support zone of 156.000...
Overall, GBP/USD is ranging across. The UK flash PMI data will be released later at 1730 (GMT+8). - Flash Manufacturing PMI (Forecast: TBA, Previous: 57.3 revised from 56.9) - Flash Services PMI (Forecast: TBA, Previous: 54.1 revised from 53.3) Currently, GBP/USD is testing the resistance zone of 1.36000 and the next support zone is at 1.33800. Look for...
Overall, EUR/JPY is ranging across. Recently, EUR/JPY traded into the support zone of 130.000. The French flash PMI data will be released later at 1615 (SGT). - French Flash Manufacturing PMI (Forecast: TBA, Previous: 55.5) - French Flash Service PMI (Forecast: TBA, Previous: 53.1) The German Flash PMI data will be released later at 1630 (SGT). - German Flash...
Overall, EUR/USD is ranging across. Recently, EUR/USD rejected the resistance zone of 1.13800. The French flash PMI data will be released later at 1615 (SGT). - French Flash Manufacturing PMI (Forecast: TBA, Previous: 55.5) - French Flash Service PMI (Forecast: TBA, Previous: 53.1) The German Flash PMI data will be released later at 1630 (SGT). - German Flash...
Overall, NZD/USD is ranging across. Currently, NZD/USD is testing the resistance zone of 0.67100 and the next support zone is at 0.65400. Look for short-term selling opportunities of NZD/USD if it rejects the resistance zone of 0.67100.
Overall, AUD/USD is ranging across. Recently, AUD/USD broke below the key level of 0.72. The Australian flash PMI data released earlier today indicated a faster rate of expansion of the manufacturing sector. Also, the services sector has recovered from the previous contraction. - Flash Manufacturing PMI (Actual: 57.6, Forecast: NA, Previous: 55.1 revised from...
Overall, USD/CAD is ranging across. Recently, USD/CAD broke above the key level of 1.27. The Canadian retail sales data released last Friday indicated a decline in consumer spending in January. - Core Retail Sales m/m (Actual: -2.5%, Forecast: -2.1%, Previous: 1.1%) - Retail Sales m/m (Actual: -1.8%, Forecast: -2.1%, Previous: 0.8% revised from 0.7%) USD/CAD’s...
Overall, USD/JPY is ranging across. The Japanese Flash Manufacturing PMI data (Forecast: TBA, Previous: 55.4 revised from 54.6) will be released later at 0830 (GMT+8). Currently, USD/JPY is testing to break below 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...
Last Friday, USD weakened against most major currencies except NZD. During her speech last Saturday, FOMC member Brainard highlighted that it is appropriate to start increasing interest rate in March. U.S. banks will be closed today in observance of Presidents’ Day. Expect lower trading volatility and volume during the usual U.S. market hours.
Overall, GBP/JPY is ranging across. Currently, GBP/JPY is trading towards the support zone of 156.000 and the next resistance zone is at 158.000. Look for short-term selling opportunities of GBP/JPY if it breaks the support zone of 156.000.
Overall, GBP/USD is ranging across. Currently, GBP/USD is testing the resistance zone of 1.36000 and the next support zone is at 1.33800. Look for short-term selling opportunities of GBP/USD if it rejects the resistance zone of 1.36000.
Overall, EUR/JPY is ranging across. Recently, EUR/JPY rejected the resistance zone of 131.500. EUR/JPY’s next support zone is at 130.000 and the next resistance zone is at 131.500. Look for short-term selling opportunities of EUR/JPY.