China’s economy remained resilient in Apr even as US’ reciprocal and tit-for-tat tariffs kicked in. As with exports, the slowdown in industrial production (IP) was…
US Dollar (USD) is expected to trade in a sideways range of 7.1970/7.2190. In the longer run, a breach of 7.2330 would indicate that the…
Euro (EUR) is expected to continue to range trade, likely between 1.1145 and 1.1235. In the longer run, EUR is likely to consolidate between 1.1100…
USD is likely to trade in a sideways range of 145.70/147.50. In the longer run, upward momentum has dissipated; USD is expected to consolidate in…
Further sideways trading seems likely; firmer underlying tone suggests a higher range of 7.1950/7.2200. In the longer run, renewed downward momentum suggests 7.1700 is back…
A slight increase in downward momentum is likely to lead to a lower range of 0.6400/0.6465 instead of a sustained decline. In the longer run,…
New Zealand Dollar (NZD) could decline vs US Dollar (USD), but as there is no significant increase in momentum, it is unlikely to be able…
Euro (EUR) could rebound further vs US Dollar (USD), but any advance is likely part of a higher range of 1.1125/1.1225. In the longer run,…
Pound Sterling (GBP) could continue to rebound against US Dollar (USD), but any advance is likely limited to a test of 1.3340. In the longer…
US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the…