Kiwi Spikes Up To New Multi-day High Of 1.2568 Versus Aussie
Source: www.forexlive.com
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Japan Q1 GDP revised to -3.8%
Q1 GDP revised to -3.8% q/q and -14.2% annualised. This was from a preliminary figure of -4% q/q and -15% annualised. JPY crosses are trading...
China May Industrial Output +8.9%, Retail Sales on year +15.2%
As Leaked to the press the other day, China’s May Industrial Output came in at +8.9%. Forecast was +7.5%. The data provides further confirmation that the governments spending and partial recovery in exports are proving supportive for manufacturers. Retail Sales +15.2% yr/yr. Market...
Forex Technical Analysis for 06/01—06/05 Week
EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: hold. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd...
Reflation deflation
The crowed reflation trade is coming a cropper with forced liquidation the theme of the morning. EUR/USD stops have been triggered below 1.40 and barriers have given way at 1.60 in cable. Same story in commodities, equities and bonds today with big reversals seen across the board as the first move...
USDCHF remains in uptrend from 0.9328
USDCHF remains in uptrend from 0.9328, and the pullback from 0.9660 is likely consolidation of uptrend. Support is at 0.9523, as long as this...