News
USD/JPY Weekly Outlook
1+ hour, 56+ min ago (106+ words) USD/JPY Weekly Outlook'Action Forex USD/JPY edged higher to 159.44 last week but retreated since then. Initial bias remains neutral this week first and more consolidations could be seen. Deeper fall cannot be ruled out. But still, outlook stays bullish…...
GBP/USD Weekly Outlook
2+ hour, 2+ min ago (202+ words) GBP/USD"s fall from 1.3567 short term top extended lower last week. Initial bias stays on the downside this week. Sustained trading below 55 D EMA (now at 1.374) will argue that the decline is another falling leg in the corrective pattern…...
USD/CHF Weekly Outlook
2+ hour, 6+ min ago (110+ words) USD/CHF Weekly Outlook'Action Forex USD/CHF's rise from 0.7860 continued last week even though momentum hasn't been too convincing. Initial bias stays on the upside this week for 0.8123 resistance. On the downside, below 0.7983 minor support will turn bias neutral first....
AUD/USD Weekly Report
2+ hour, 35+ min ago (132+ words) AUD/USD remains bounded in range of 0.6659/6765 last week. Initial bias stays neutral this week and further rise is in favor. On the upside, above 0.6765 will resume the whole rise from 0.5913 and target 61.8% projection of 0.5913 to 0.6706 from 0.6420 at 0.6910. However, considering…...
USD/CAD Weekly Outlook
2+ hour, 39+ min ago (136+ words) USD/CAD's rise from 1.3641 continued last week, and the late break of 1.3917 suggests that it's resuming. Initial bias is back on the upside this week. As in the third leg of the corrective pattern from 1.3538, further rise should be seen…...
GBP/JPY Weekly Outlook
2+ hour, 55+ min ago (168+ words) GBP/JPY edged higher to 214.27 last week but quickly retreated. Initial bias remains neutral this week and further rise is in favor. Break of 214.27 will resume larger up trend to 100% projection of 184.35 to 205.30 from 199.04 at 219.99 next. Nevertheless, considering bearish divergence…...
EUR/JPY Weekly Outlook
2+ hour, 59+ min ago (114+ words) EUR/JPY edged higher to 185.55 last week but retreated steeply since then. Initial bias remains neutral this week and another rise is in favor as long as 182.60 support holds. Above 185.55 will target 186.31 projection level. However, considering bearish divergence condition in…...
EUR/GBP Weekly Outlook
3+ hour, 6+ min ago (175+ words) EUR/GBP stayed in range above 0.8643 last week. Initial bias remains neutral and further decline is in favor. . On the downside, decisive break of 0.8631 cluster support (38.2% retracement of 0.8221 to 0.8663 at 0.8618) will pave the way to 61.8% retracement at 0.8466. Nevertheless, break of…...
EUR/AUD Weekly Outlook
3+ hour, 11+ min ago (198+ words) EUR/AUD stayed in range trading between 1.7287/7477 last week and outlook is unchanged. Initial bias remains neutral this week first, and further decline is in favor. On the downside, break of 1.7287 will resume the fall from 1.8160. As this is seen…...
The Weekly Bottom Line:
15+ hour, 7+ min ago (197+ words) In a quiet week for economic data, Canadian market price action was largely driven by external developments. Bond markets remained calm, with yields drifting slightly lower over the week. Equity prices briefly wavered early on, but sentiment improved on optimism…...