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There were two main developments last week. Firstly, Dollar staged an impressively strong rebound on Friday after the release of an undoubtedly good non-farm payroll report. The much smaller than expected contraction in the job market and the fall in unemployment rates boosted up expectations that Fed will start to…

There were two main developments last week. Firstly, Dollar staged an impressively strong rebound on Friday after the release of an undoubtedly good non-farm payroll report. The much smaller than expected contraction in the job market and the fall in unemployment rates boosted up expectations that Fed will start to…

EUR/USD’s rebound was limited below 1.5143 high last week and subsequent sharp fall on Friday and break of 1.4828 support revives that case that EUR/USD has topped out at 1.5143 already. Initial bias is on the downside this week. Break of 1.4801 will bring deeper decline towards 1.4626 support next….

USD/JPY’s rebound from 84.81 accelerated towards the end of the week and closed strongly at 90.53, the break of near term trend line resistance argues that whole fall from 101.43 has made a bottom at 84.81 already and strong rebound should now be seen. Initial bias will remain on the…

While the rebound from 1.6271 was strong, it’s still limited below 1.6744 resistance and thus there is no change in the bearish case that fall from 1.6875 is still in progress. The fall from 1.6720 is possibly resuming such decline and initial bias is on the downside this week for…

After being pressured for most of the week, USD/CHF rebounded strongly and the subsequent break of 1.0175 resistance indicates that rise from 0.9916 has resumed and revived the case that USD/CHF has already bottomed out at 0.9916. Initial bias will remain on the upside for 1.0222 minor resistance first (100%…

While the rebound from 0.8945 was strong, it was limited by mentioned 0.9321 resistance last week and reversed. The bearish view that AUD/USD has topped out at 0.9404 is still in favor. Initial bias is on the downside this week and break of 0.9102 support will confirm that rebound from…