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The Bank of Thailand is expected to keep its key interest rate unchanged at its monetary policy meeting scheduled to be held on Sep 14. However, the central bank is scheduled to maintain a dovish tone for the near term...
USD/JPY retraces from session lows at 101.42, retakes the 102 handle. Downside finds strong support at 101.36 (61.8% Fib), we see weakness only on break below. Major support levels - 101.75 (20-DMA), 101.36 (61.8% Fib), 101.20 (Sept 7 low), 101 (trendline) Major resistance levels - 102...
Australia’s business conditions weakened again in August; however, it continued to stay above the long run average while business sentiment rebounded. The NAB report that was released today came in slightly mixed. Business sentiment rose; however, conditions eased a bit...
EUR/SEK is currently trading around 9.5351 levels. It made intraday high at 9.5377 and low at 9.5109 levels. Intraday bias remains neutral for the movement. A daily close below 9.53 will take the parity down towards key supports at 9.5109, 9.4637, 9.4406, 9.4217, 9.4046, 9.3637, 9.3434, 9.3267, 9...
Industrial performance in Malaysia remained resilient during the month of July, despite external headwinds...
Growth momentum in China is stabilizing. Rebalancing of China’s economy continues to take place. China’s fixed asset investment growth remained unchanged at 8.1 percent in the January to August period. This was a tad better than market projections...
Although EUR seems to have taken a halt from its momentary bull run against JPY (see 1H plotting), we see healthy momentum in upswings upto 114.606 levels. Strong resistance at 114.606 levels...
Upbeat Chinese data releases failed to lift sentiment across markets. Most major Asian indices slipped into the red. Aussie failed to hold gains after the trio of upbeat China data release - retail sales, industrial production, fixed asset investment...
The Australian government bonds trade nearly flat Tuesday, succumbing to thin trading activity during a relatively quiet session that witnessed data of little significance. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, hovered around 2...
The dollar bulls really got disappointed after the overhyped Brainard speech proved to be just an overhyped one...
The dollar bulls really got disappointed after the overhyped Brainard speech proved to be just an overhyped one...
Major resistance - $1345 The yellow metal has recovered sharply from the low of $1320 made yesterday. It is currently trading around $1330.34. Intraday support is around $1321 (61.8% retracement of $1302.55 and $1352...
XAG/USD is currently trading around $19.20 marks. It made intraday high at $19.26 and low at $18.95 levels. Intraday bias remains bullish till the time pair holds key support at $18.88 levels. A daily close below $18.88 will take the parity down towards key supports at $18.68, $18.44, $18.17, $17...
Asian indices were trading on a mixed note on Tuesday. In addition, gold and silver were trading on a higher note in early hours of Asia. Gold was trading around $1,330 mark and silver was trading around $19.22 marks. Japan’s Nikkei 225 was trading 0.02 percent higher at 16,675.42 points...
Lots of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: National Australia bank’s business confidence improves to 6 from 4 in August and conditions deteriorates to 7 from 8. China: Urban investment grew 6...
USD/KRW is currently trading around 1,109 levels. It made intraday high at 1,110 and low at 1,107 marks. Intraday bias remains neutral till the time pair holds key support at 1,102 levels...
Major resistance -5296 (3-day EMA). Major support - 5208 (200- day MA). The index has broken major support at 200- day MA and slightly recovered from that level. It is currently trading around 5231...
Major support -1641 (100- day MA). Nikkei225 has recovered after making a low of 16506.It is currently trading around 16673. The index has formed temporary top around 17159 and is struggling to break that level. It should break above that level for further bullishness...
USD/TWD is currently trading around 31.62 marks. It made intraday high at 31.71 and low at 31.56 marks. Intraday bias remains neutral till the time pair holds key resistance at 31.77 marks. A daily close above 31.78 will drag the parity up towards key resistances around 31.98, 32.12, 32.25, 32...
