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. The Australian employment data released yesterday indicated a slowdown in jobs creation last month. - Employment Change (Actual: 12.9K, Forecast: 0.0K, Previous: 64.8K) - Unemployment Rate (Actual: 4.2%, Forecast: 4.2%, Previous: 4.2%) The Australian flash PMI data will be released next Monday at 0600 (GMT+8). - Flash...
Overall, USD/CAD is ranging across. The Canadian retail sales data will be released later at 2130 (GMT+8). - Core Retail Sales m/m (Forecast: -2.1%, Previous: 1.1%) - Retail Sales m/m (Forecast: -2.1%, Previous: 0.7%) Currently, USD/CAD is testing to break above the key level of 1.27. Its next support zone is at 1.26100 and its next resistance zone is at...
Overall, USD/JPY is ranging across. 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 if it breaks below the key level of 115.
Yesterday, USD weakened against most major currencies except EUR and AUD. FOMC members will be speaking later and tomorrow. During these times, there may be volatility in USD. FOMC member Waller speaking later at 2345 (GMT+8) FOMC member Williams speaking tomorrow at 0000 (GMT+8) FOMC member Waller speaking tomorrow 0230 (GMT+8)
Oil has been red hot since the pandemic - many ask if they are late, and I do not think so. Reasons why I am bullish oil - Ecomm - shipping and freight are going to have to adapt to keep up w pace of adoption and need for quick deliveries. Primary source of transport across the oceans is still tankers. Underinvestment in hydrocarbons - we are not ready for...
Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced down from the key level of 157. The UK CPI y/y data (Actual: 5.5%, Forecast: 5.4%, Previous: 5.4%) released yesterday indicated continued rise in inflation at a faster pace in January. GBP/JPY’s next support zone is at 156.000 and the next resistance zone is at 158.000. Look for short-term buying...
Overall, GBP/USD is ranging across. Recently, GBP/USD traded into the resistance zone of 1.36000. The UK CPI y/y data (Actual: 5.5%, Forecast: 5.4%, Previous: 5.4%) released yesterday indicated continued rise in inflation at a faster pace in January. 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. Currently, EUR/JPY is testing the resistance zone of 131.500 and the next support zone is at 130.000. Look for short-term buying opportunities of EUR/JPY if it breaks the resistance zone of 131.500.
Overall, EUR/USD is ranging across. Currently, EUR/USD is testing the resistance zone of 1.13800 and the next support zone is at 1.12000. Look for short-term buying opportunities of EUR/USD only if it breaks the resistance zone of 1.13800.
Overall, NZD/USD is trending downwards. Currently, NZD/USD is trading towards the resistance zone of 0.67100 and the next support zone is at 0.65400. Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of 0.67100.
Overall, AUD/USD is ranging across. The Australian employment data will be released later at 0830 (GMT+8). - Employment Change (Forecast: 0.0K, Previous: 64.8K) - Unemployment Rate (Forecast: 4.2%, Previous: 4.2%) Currently, AUD/USD is testing to break above the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at...
Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.27. The Canadian CPI m/m data (Actual: 0.9%, Forecast: 0.6%, Previous: -0.1%) released yesterday indicated a strong rise in inflation in January. USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200. Look for short-term selling opportunities of USD/CAD.
Overall, USD/JPY is trending upwards. USD/JPY’s 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 all major currencies. The retail sales m/m data will be released yesterday indicated a recovery in consumer spending in January. - Core Retail Sales m/m (Actual: 3.3%, Forecast: 1.0%, Previous: -2.8% revised from -2.3%) - Retail Sales m/m (Actual: 3.8%, Forecast: 2.1%, Previous: -2.5% revised from -1.9%) In the released meeting...
Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced off the support zone of 156.000. The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged. Average Earnings Index 3m/y (Actual: 4.3%,...
Overall, GBP/USD is ranging across. Recently, GBP/USD bounced up from the key level of 1.35. The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged. Average Earnings Index 3m/y (Actual: 4.3%,...
Overall, EUR/JPY is ranging across. Recently, EUR/JPY traded into the resistance zone of 131.500. The eurozone ZEW Economic Sentiment data (Actual: 48.6, Forecast: 54.4, Previous: 49.4) released yesterday indicated a further decline in the surveyed investors and analysts’ sentiment on the economic outlook for eurozone. The eurozone flash employment change q/q...