Reviews and Comparisons, Forex & Asset Management
EUR/GBP's consolidation from 0.8530 is still in progress and another fall might be seen. But still, downside is expected to be contained by 0.8316 support and bring another rise. Above 0.8477 minor resistance will flip intraday bias back to the upside for 0.8530 and above. Also, we're favoring the case
EUR/CHF's break of 1.3500 minor resistance indicates that fall from 1.3674 is finished and intraday bias is turned neutral. While another rise cannot be ruled out, we'd expect strong resistance below 1.3733 to bring reversal finally. On the downside, below 1.3341 will revive the case that recovery from 1.3072 has
AUD/USD's rally extends further to as high as 0.8969 so far today. Intraday bias remains on the upside and choppy rise from 0.8066 is still in progress for 0.9380/9404 resistance zone. But we'd expect upside to be limited there to bring another fall to continue the medium term consolidation. On
Intraday bias in USD/CAD is mildly on the downside for 1.0275 support and break will target lower end of recent range near to 1.0138. Nevertheless, note that USD/CAD is still bounded in choppy sideway trading inside converging range, probably in form of triangle. Hence, downside should be contained by 1.0138
EUR/USD's break of 1.2913 minor support suggests that retreat from 1.3027 has completed at 1.2731 already. Intraday bias is flipped back to the upside for 1.3027 and above. Though, we'd continue to look for sign of loss of momentum as EUR/USD approaches 1.3105/3123 cluster level (38.2% retracement of 1.5143 to
GBP/USD's strong rally today suggests that pull back from 1.5470 is finished at 1.5123 after drawing support from the near term rising channel. Intraday bias is back to the upside for 1.5470 and above. Note that decisive break of 1.5521 resistance will confirm that whole fall from 1.7043 has completed
Intraday bias in USD/JPY is turned neutral again as consolidation fro 86.26 continues. ANother rise above 87.56 cannot be ruled out. But after all, upside is expected to be limited well below 89.14 resistance and bring fall resumption. Below 86.26 will target 84.81 key support level next.
USD/CHF drew some support from 1.0399 low and recovers. But still, intraday bias remains cautiously on the downside and decisive break of 1.0399 will confirm that decline from 1.1729 has resumed. In such case, next target will be outer trend line support (0.9634, 0.9916, now at 1.0017). On the upside,
The forex markets are steady today as traders await EU bank stress test result as well as UK Q2 GDP preliminary release. The Committee of European Banking Supervisors will release results of the stress tests on European banks today at 1600 GMT. 91 banks were tested, which represents 65% of
Dollar and yen reversed yesterday's gain and drop sharply today as markets are lifted by positive data from US and Europe, as well as strong earnings report. US existing homd sales droped less than expected to 5.37m in Jun while hous price index unexpectedly posted 0.5% mom gain in May.
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