Overall, EUR/USD is ranging across. EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13900. Look for short-term selling opportunities of EUR/USD up until the release of the U.S. FOMC monetary policy decision tomorrow at 0300 (GMT+8).
Overall, USD/JPY is ranging across. The Japanese Flash Manufacturing PMI data (Forecast: 55.0, Previous: 54.5 revised from 54.2) will be released tomorrow at 0830 (GMT+8). USD/JPY’s next support zone is at 112.800 and the next resistance zone is at 115.300. Look for short-term buying opportunities of USD/JPY up until the release of the U.S. FOMC monetary policy...
Overall, AUD/USD is trending downwards. Recently, AUD/USD traded into the support zone of 0.71000 The Australian flash PMI data will be released tomorrow at 0600 (GMT+8). Flash Manufacturing PMI (Forecast: NA, Previous: 59.2 revised from 58.5) Flash Services PMI (Forecast: NA, Previous: 55.7 revised from 55.0) Reserve Bank of Australia Governor Lowe will...
Overall, NZD/USD is trending downwards. The New Zealand GDP q/q data (Forecast: -4.1%, Previous: 2.8%) will be released tomorrow at 0600 (GMT+8). NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67900. Look for short-term selling opportunities of NZD/USD up until the release of the U.S. FOMC monetary policy decision tomorrow at 0300 (GMT+8).
Yesterday, USD strengthened against all major currencies except GBP. The PPI m/m data will be released later at 2130 (GMT+8). PPI m/m (Actual: 0.8%, Forecast: 0.5%, Previous: 0.6%) Core PPI m/m (Actual: 0.7%, Forecast: 0.4%, Previous: 0.4%) The Retail Sales m/m data will be released later at 2130 (GMT+8). Core Retail Sales m/m (Forecast: 0.9%, Previous:...
Overall, AUD/USD is trending downwards. The Australian NAB Business Confidence data (Actual: 12, Forecast: NA, Previous: 20 revised from 21) released earlier today indicated a decline in the level of optimism from the surveyed businesses on the business conditions in Australia. The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: 0.6%) will be...
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY bounced off the resistance zone of 128.500. Currently, EUR/JPY is moving down towards the key level of 128. Its next support zone is at 127.200 and its next resistance zone is at 128.500. Look for short-term selling opportunities of EUR/JPY if it breaks below the key level of 128.
Overall, GBP/JPY is trending downwards. The UK employment data will be released later at 1500 (GMT+8). Average Earnings Index 3m/y (Forecast: 4.6%, Previous: 5.8%) Claimant Count Change (Forecast: -31.5K, Previous: 14.9K) Unemployment Rate (Forecast: 4.2%, Previous: 4.3%) Currently, GBP/JPY is testing to break below the key level of 150. Its next support...
Overall, USD/CAD is trending upwards. Recently, USD/CAD bounces up from the key level of 1.27. Currently, USD/CAD is testing to break above the key level of 1.28. Its next support zone is at 1.26100 and the next resistance zone is at 1.29000. Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.28.
Overall, GBP/USD is trending downwards. Recently, GBP/USD traded into the support zone of 1.32200. The UK employment data will be released later at 1500 (GMT+8). Average Earnings Index 3m/y (Forecast: 4.6%, Previous: 5.8%) Claimant Count Change (Forecast: -31.5K, Previous: 14.9K) Unemployment Rate (Forecast: 4.2%, Previous: 4.3%) Currently, GBP/USD is...
Overall, EUR/USD is ranging across. Recently, EUR/USD broke below the key level of 1.13. EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13900. Look for short-term selling opportunities of EUR/USD.
Overall, USD/JPY is ranging across. USD/JPY’s next support zone is at 112.800 and the next resistance zone is at 115.300. Look for short-term buying opportunities of USD/JPY.
Overall, NZD/USD is trending downwards. Recently, NZD/USD rejected the resistance zone of 0.67900. The Reserve Bank of New Zealand Governor Orr will be testifying tomorrow at 0300 (GMT+8). During this time, there may be volatility in NZD. NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67900. Look for short-term selling...
Yesterday, USD strengthened against all major currencies. The PPI m/m data will be released later at 2130 (GMT+8). PPI m/m (Forecast: 0.5%, Previous: 0.6%) Core PPI m/m (Forecast: 0.4%, Previous: 0.4%)
As you can see from the chart, and I would like to hear people's opinions, there seems to be a correlation between cheap dollars and Bitcoin tops. It should be clearly obvious this is a pattern but is it? Was it clear that we were approaching a top on Bitcoin due to the dollar recently double bottoming and rallying? Shouldn't that be proof that money is leaving...
Overall, EUR/JPY is trending downwards. Currently, EUR/JPY is testing the support zone of 128.500 and its next resistance zone is at 130.000. Look for short-term buying opportunities of EUR/JPY if it bounces off the support zone of 128.500.
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke above the key level of 150. The UK GDP m/m data (Actual: 0.1%, Forecast: 0.4%, Previous: 0.6%) released last Friday indicated a slowdown in economic growth in October. GBP/JPY’s next support zone is at 148.900 and the next resistance zone is at 151.000. Look for short-term buying opportunities of GBP/JPY.
Overall, USD/CAD is trending upwards. Recently, USD/CAD broke above the key level of 1.27. Currently, USD/CAD is trading down towards the key level of 1.27. Its next support zone is at 1.26100 and the next resistance zone is at 1.29000. Look for short-term buying opportunities of USD/CAD if it bounces up from the key level of 1.27.