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The USD and JPY trade lower ahead of today’s US economic data pressured by improving risk appetite as equity markets rally in reaction to strong economic data from China and a statement from officials at Moody’s said that ratings agency does not do not plan to cut US or UK…

Despite early retreat to 0.7026, as kiwi found decent demand well above the Kijun-Sen and rebounded, suggesting the pullback from recent high at 0.7635 has possibly ended there and consolidation with mild upside bias is seen for gain towards 0.7400 but break of resistance at 0.7524 is needed to confirm…

Although the single currency retreated again after last week’s rebound to 134.54 as the Ichimoku cloud bottom has continued to provide good support for the pair, suggesting further consolidation would take place with mild upside bias for another rebound to 133.00 and possibly test of 134.54. However, it is necessary…

A flurry of data indicating that the global recovery is safe in the hands of the Chinese economy helped raise the tone today at the end of a week littered with awkward obstacles. The impact of today’s improved tone has served to weaken demand for dollars and yen. And a…

As yesterday, where the world’s superpower labor market showed mixed signs and its trade balance along with its monthly budget statement illustrated some enhancement, today the retails sales data may show that present overall retails sales across the country could have inclined last month beside a forecasted slender incline of…

Overall, the major pairs showed some initial signs of weakness around the European opening bell, after a flat Asian session. However, the majors were pulled higher by the cash and equity futures markets moving up; something that push the dollar index below the 76.00 benchmark area. The European session was…

Although the single currency rebounded strongly from 126.95 to 134.54, the sharp retreat from there to 128.78 suggests further choppy consolidation would take place and as long as 128.78 holds, mild upside bias is seen for another bounce to 132.34 (61.8% Fibonacci retracement of 134.54 to 128.78) but break of…

The greenback found decent demand above support at 0.9960 and staged a strong rebound last Friday on dollar’s broad-based strength after the release of better-than-expected U.S. job reports, price rose to as high as 1.0303 this week, suggesting a temporary low has possibly been formed at 0.9910 as wave (c),…

Japan Household Confidence m/m came in at 39.5, weaker than the 40.6 expected and 40.5 prior reading.

Usd/Jpy has made new highs since release of weak number, trading at 88.83.

* Times listed are GMT