Daily Pivots: (S1) 123.72; (P) 124.22; (R1) 125.12; Intraday bias in EUR/JPY remains on the upside at this point. Correction from 127.07 could have completed at 122.37, as supported by 38.2% retracement of 114.42 to 127.07 at 122.23. Further rise should be seen back to retest 127.07 high. On the dow

AUD/USD sees little action despite a below-forecast Aussie trade data for September.  RBA is likely to maintain the status quo on Tuesday. The central bank may set the stage for the November rate cut.   The US dollar is trading weak across the board, keeping AUD/USD bid above 0.7180. AUD/USD conti

Asian markets are trading mildly lower today, following the weakness in US overnight. While DOW dropped more than -900 pts during the session, it managed to pare back half of the losses to close down -509.72 pts only. Following that, Dollar and Yen retreated some gains while Gold also recovered. Tra

The South Korea stock market has finished higher in two straight sessions, gathering more than 20 points or 0.9 percent along the way. The KOSPI now rests just beneath the 2,400-point plateau and it figures to remain in that neighborhood again on Monday. The global forecast for the Asian markets is

USD/JPY probes weekly high flashed on Wednesday after recently bouncing off 106.12. Japan’s Chief Cabinet Secretary Yoshihide Suga is up for running as a national leader, suggesting a long future of the Abenomics. BOJ’s Wakatabe also suggested further easing the previous day. Risk catalysts remain m

The US bond yields jumped on Tuesday, pushing gold lower.  While the 10-year nominal yield ticked higher, the real yield remained near record lows. The yield on the US 10-year Treasury note jumped by most in more than two months on Tuesday, as positive vaccine news boosted risk sentiment, weakening

USD/JPY's 15-minute chart shows a bearish channel.  A breakout would open the doors for a re-test of Wednesday's high.  USD/JPY is trapped in an expanding descending channel, as seen on the 15-minute chart.  A convincing move above the channel hurdle, currently at 105.57, would confirm the breakout

Market movers today COVID-19 cases where certain states set record-high numbers, earnings reports and the ECB policy meeting are in focus today.  At the ECB meeting today (decision at 13:45 CEST and press conference at 14:30 CEST), we expect a repetition of recent comments from various governing cou

Despite the country succeeding in combating the coronavirus outbreak, New Zealand (NZ) Prime Minister (PM) Jacinda Ardern warned on Wednesday that they must be prepared for new outbreaks as the pandemic spreads globally. Key quotes (via Reuters) “Will not drop its elimination strategy if community t

Global Times editor Hu Xijin said in his latest tweet, “based on what I know, China will announce reciprocal restrictions on US media branches in China. It’s regrettable that deteriorating China-US ties have harmed work of media outlets of both sides. I strongly urge that the US not to escalate supp

#USOIL# WTI Crude Oil medium waves updated 5June 2020 Detail The Chart