The Japanese yen is showing limited movement on Thursday. In the North American session, USD/JPY is trading at 146.45, up 0.10% on the day.
Japan's Producer Price Index rose 2.9% y/y in June, down from an upwardly revised 3.3% in May and matching the consensus. This marked the lowest increase since August 2024. On a monthly basis, PPI fell 0.2%, a second straight...
NZDJPY - 24h expiry
The primary trend remains bullish.
Short term RSI is moving lower.
Preferred trade is to buy on dips.
Risk/Reward would be poor to call a buy from current levels.
Bespoke support is located at 87.50.
We look to Buy at 87.50 (stop at 87.30)
Our profit targets will be 88.30 and 88.50
Resistance: 88.00 / 88.30 / 88.50
Support: 87.50 /...
The Australian dollar is almost unchanged on Wednesday. In the European session, AUD/USD is trading at 0.6532, up 0.03% on the day.
China's producer price index surprised on the downside in June, with a steep 3.6% y/y decline. TThe soft PPI report was driven by weak domestic demand and the continuing uncertainty over US tariffs. The lack of consumer demand was...
CHN50 - 24h expiry
Selling posted close to the previous high of 13800.
13868 has been pivotal.
Bespoke resistance is located at 13800.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
We look to Sell at 13795 (stop at 13890)
Our profit targets will be 13515 and 13435...
The Australian dollar is in positive territory after a three-day skid, declining 1.5%. In the North American session, AUD/USD is trading at 0.6532, up 0.50% on the day. The Australian dollar rose as much as 0.95% earlier before retreating.
The Reserve Bank of Australia blindslided the markets on Tuesday as the central bank held the cash rate at 3.85%. The markets...
The Australian dollar is in positive territory after a three-day skid, declining 1.5%. In the North American session, AUD/USD is trading at 0.6532, up 0.50% on the day. The Australian dollar rose as much as 0.95% earlier before retreating.
The Reserve Bank of Australia blindslided the markets on Tuesday as the central bank held the cash rate at 3.85%. The markets...
NZDUSD - 24h expiry
The correction lower is assessed as being complete.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6025 will confirm the bullish momentum.
The measured move target is 0.6075.
We look to Buy at 0.6000 (stop at 0.5975)
Our profit targets will be 0.6050 and 0.6075...
CHN50 - 24h expiry
Selling posted close to the previous high of 13800.
13868 has been pivotal.
Bespoke resistance is located at 13800.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
We look to Sell at 13795 (stop at 13875)
Our profit targets will be 13555 and 13505...
The Japanese yen is negative ground on Thursday. In the North American session, USD/JPY is trading at 144.06, up 0.47%.
The US and Japan are racing to reach a trade deal before a deadline of July 9. There are some serious roadblocks to a deal, including the current US tariff of 25% on Japanese cars and opening Japan's agricultural sector, particularly rice....
NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6100 will confirm the bullish momentum.
The measured move...
NZDJPY - 24h expiry
Trading has been mixed and volatile.
Price action looks to be forming a top.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 87.80.
We look to Sell at 87.80 (stop at 88.00)
Our profit targets will be 87.00 and 86.85
Resistance: 87.80 / 88.00 / 88.25
Support: 87.20 / 87.00...
The euro is up for an eighth consecutive day and has gained 2.4% during that time. In the North American session, EUR/USD is trading at 1.1738, up 0.36% on the day.
German inflation data on Monday pointed to a weakening German economy. The CPI report indicated that the deflationary process slowly continues. The inflation rate for June came in at 0% m/m, down from...
The Japanese yen has edged higher on Friday. In the North American session, USD/JPY is trading at 144.57, up 0.16% on the day.
Tokyo Core CPI surprised on the downside in June, falling to 3.1% y/y. This was down sharply from the 3.6% gain in May and below the market estimate of 3.3%. This was the the first slowdown in Tokyo core inflation since February. The...
NZDJPY - 24h expiry
The primary trend remains bullish.
The selloff has posted an exhaustion count on the intraday chart.
Preferred trade is to buy on dips.
Risk/Reward would be poor to call a buy from current levels.
Bespoke support is located at 87.30.
We look to Buy at 87.30 (stop at 87.10)
Our profit targets will be 88.00 and 88.20
Resistance: 87.80...
The Japanese yen has posted strong gains on Thursday. In the North American session, USD/JPY is trading at 144.14, down 0.55% on the day. Earlier, USD/JPY fell as low as 143.75, its lowest level since June 13.
Tokyo Core CPI, a leading indicator of nationwide inflation trends, will be released early Thursday. Tokyo Core CPI hit 3.6% in May, its highest level in...
EURAUD - 24h expiry
The primary trend remains bullish.
Short term RSI is moving lower.
Preferred trade is to buy on dips.
Risk/Reward would be poor to call a buy from current levels.
Bespoke support is located at 1.7840.
We look to Buy at 1.7840 (stop at 1.7805)
Our profit targets will be 1.7980 and 1.8000
Resistance: 1.7920 / 1.7990 / 1.8020
Support:...
The Australian dollar is showing limited movement on Wednesday. In the European session, AUD/USD is trading at 0.6495, up 0.08% on the day.
Australia's inflation rate headed lower in May. Headline CPI rose 2.1%, after gains of 2.4% in the previous three months. This was below the market estimate of 2.3%. Monthly, CPI eased to 0.4%, driven by lower petrol and...
NIK225 - 24h expiry
Short term RSI has turned positive. Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 38750 will confirm the bullish momentum.
The measured move target is 39500.
We look to Buy at 38500 (stop at 38200)
Our profit targets will be 39250 and 39500
Resistance: 39000 / 39250 /...
