Overall, USD/JPY is ranging across. Currently, USD/JPY is moving up towards the key level of 113. Its next support zone is at 112.000 and the next resistance zone is at 114.400. Look for short-term selling opportunities of USD/JPY if it bounces down the key level of 113.
Yesterday, USD strengthened against most major currencies except JPY. The ISM Manufacturing PMI data (Actual: 61.1, Forecast: 61.3, Previous: 60.8) released yesterday indicated a slight increase in the pace of expansion in the manufacturing sector in November. Several FOMC committee members will be speaking later and tomorrow. During these times, there may be...
Overall, AUD/USD is trending downwards. Recently, AUD/USD traded into the support zone of 0.71000. The Australian GDP q/q data (Actual: -1.9%, Forecast: -2.5%, Previous: 0.7%) released earlier today indicated a decline in economic growth during the third quarter. The Australian Retail Sales m/m data (Forecast: 4.9%, Previous: 4.9%) will be released tomorrow at...
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke the support zone of 151.000. Bank of England Governor Bailey will be speaking later at 2200 (GMT+8). During this time, there may be volatility in GBP. GBP/JPY’s next support zone is at 148.900 and the next resistance zone is at 151.000. Look for short-term selling opportunities of GBP/JPY.
Overall, EUR/JPY is trending downwards. The eurozone CPI Flash Estimate y/y data released yesterday indicated a rise in prices for November to a record high since the start of data collection. Higher energy prices contributed the most to the high inflation. CPI Flash Estimate y/y (Actual: 4.9%, Forecast: 4.4%, Previous: 4.1%) Core CPI Flash Estimate y/y...
Overall, USD/CAD is trending upwards. The Canadian GDP m/m data (Actual: 0.1%, Forecast: 0.0%, Previous: 0.4%) released yesterday indicated a slowdown in economic growth in September. The Canadian Manufacturing PMI data (Forecast: 59.1, Previous: 59.1) will be released later at 2230 (GMT+8). Currently, USD/CAD is moving up towards the key level of 1.28. Its...
Overall, GBP/USD is trending downwards. Recently, GBP/USD broke below the key level of 1.33 and bounced off the support zone of 1.32200. Bank of England Governor Bailey will be speaking later at 2200 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/USD is testing to break above the key level of 1.33. Its next support zone is at 1.32200...
Overall, EUR/USD is trending downwards. Recently, EUR/USD bounced off the resistance zone of 1.13900. The eurozone CPI Flash Estimate y/y data released yesterday indicated a rise in prices for November to a record high since the start of data collection. Higher energy prices contributed the most to the high inflation. CPI Flash Estimate y/y (Actual: 4.9%,...
Overall, USD/JPY is ranging across. USD/JPY’s next support zone is at 112.000 and the next resistance zone is at 114.400. Look for short-term buying opportunities of USD/JPY.
Overall, NZD/USD is trending downwards. The New Zealand Building Consents m/m data (Actual: -2.0%, Forecast: 1.6%, Previous: -2.0% revised from 5.3%) released earlier today indicated continued decline in the number of approved building permits. Currently, NZD/USD is bouncing off the support zone of 0.67900 and the next resistance zone is at 0.69500. Look for...
Yesterday, USD strengthened against most major currencies except EUR, JPY and CHF. During his testimony before the Senate, Jerome Powell said that the FOMC will be discussing on the acceleration of QE tapering during its December’s meeting. As the risk of higher inflation is rising, Powell highlighted that this may be a good time to stop the usage of the term...
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY traded into the resistance zone of 128.500. The German Preliminary CPI m/m data (Actual: -0.2%, Forecast: -0.4%, Previous: 0.5%) released yesterday indicated a decline in inflation for the month of November. The eurozone CPI Flash Estimate y/y data will be released later at 1800 (GMT+8). CPI Flash...
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY has been trading around the support zone of 151.000. Currently, GBP/JPY is bouncing up from the support zone of 151.000 and the next resistance zone is at 153.800. Look for short-term buying opportunities of GBP/JPY.
Overall, USD/CAD is trending upwards. Recently, USD/CAD bounced down from the key level of 1.28. The Canadian GDP m/m data (Forecast: 0.0%, Previous: 0.4%) will be released later at 2130 (GMT+8). USD/CAD’s 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.
Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the resistance zone of 1.33800. Currently, GBP/USD is bouncing up from the key level of 1.33. Its next support zone is at 1.32200 and its next resistance zone is at 1.33800. Look for short-term selling opportunities of GBP/USD only if it breaks below the key level of 1.33.
Overall, EUR/USD is trending downwards. Recently, EUR/USD bounced down from the key level of 1.13. The German Preliminary CPI m/m data (Actual: -0.2%, Forecast: -0.4%, Previous: 0.5%) released yesterday indicated a decline in inflation for the month of November. The eurozone CPI Flash Estimate y/y data will be released later at 1800 (GMT+8). CPI Flash...
Overall, USD/JPY is ranging across. Recently, USD/JPY bounced up from the key level of 113. The Japanese Unemployment Rate data (Actual: 2.7%, Forecast: 2.8%, Previous: 2.8%) released earlier today indicated a slight decline in unemployment in October. Currently, USD/JPY is moving up towards the key level of 114. Its next support zone is at 112.000 and the next...
Overall, AUD/USD is trending downwards. Reserve Bank of Australia Deputy Governor Debelle will be speaking later at 1000 (GMT+8). During this time, there may be volatility in AUD. 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.