News

Lower Open Predicted For Singapore Stock Market

The Singapore stock market closed its two-day winning streak on Wednesday, where it had gained nearly 15 points or 0.5%. The Straits Times Index (STI) ...more

Malaysia Stock Market May Slip Beneath 1,600 Points

The Malaysian stock market has experienced a decline for four consecutive trading days, losing nearly 25 points or 1.6 percent in total. The Kuala Lum ...more

New Zealand Building Consents Slump 1.9% In April

In April, New Zealand saw a seasonally adjusted 1.9 percent decline in the number of building permits issued, with a total of 2,926 permits, according ...more

South Korea Shares Tipped To Extend Losing Streak

The South Korean stock market has experienced declines in two consecutive sessions, losing nearly 50 points or 1.8 percent in total. The KOSPI current ...more

Foreign Investments in Japanese Stocks Witness Significant Decline to 82.4B

On May 29, 2024, data revealed a substantial drop in foreign investments in Japanese stocks. The current indicator has plummeted to 82.4 billion, a st ...more

Japan's Foreign Bonds Purchasing Dips to -297.9B As of May 29, 2024

Japan's overseas investment activity has seen a steep decline, according to the latest data update as of May 29, 2024. The nation’s foreign bonds buyi ...more

Forecasts

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0843; (P) 1.0866; (R1) 1.0879; More…. Intraday bias in EUR/USD stays neutral as sideway trading continues. More consolidat ...more

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2743; (P) 1.2772; (R1) 1.2790; More… Intraday bias in GBP/USD is turned neutral with current retreat. Some consolidations ...more

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.78; (P) 156.99; (R1) 157.40; More… Intraday bias in USD/JPY stays on the upside at this point. Rise from 151.86, as the ...more

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9091; (P) 0.9120; (R1) 0.9153; More…. Range trading continues in USD/CHF below 0.9157 and intraday bias stays neutral. Fur ...more

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0843; (P) 1.0866; (R1) 1.0879; More… Range trading continues in EUR/USD and intraday bias remains neutral. More consolidat ...more

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2743; (P) 1.2772; (R1) 1.2790; More… GBP/USD is losing some upside momentum as seen in 4H MACD. But further rise is expect ...more

Technical Analysis

EURUSD sellers making a play today but has the lows from the last few weeks to get below.

As May 29th comes to a close, the EURUSD is trading to new lows and testing the lows that have confined the pair over the last 2-3 trading weeks. THe ...more

USDJPY breaks to new highs for the day and week and moves closer to May high

The USDJPY has broken to a new day high, new week high and now looks toward the May high from May 1 at 157.989. That is the next upside target for tr ...more

AUDUSD falls to a new session low and new low for the week. Sellers make a play.

The AUDUSD is falling to a new session low and new low for the week as well. In the process, the price has broken below its 100-hour moving area show ...more

Buyers and sellers struggle with the ups and downs in the USDCHF trading today

The buyers had a shot in the USDCHF on a break of the 100 hour MA at 0.91334. They missed.The sellers had a shot on a break below the 200 hour MA at 0 ...more

USDCAD trades to new session highs as buyers look to take more control

Yesterday, the USDCAD traded lower, and in the process moved lower to test the high of a swing area between 1.3605 and 1.3615. The inability to extend ...more

Kickstart the FX trading day for May 29 w/a technical look at the EURUSD, USDJPY & GBPUSD

In the kickstart video for May 29, I take a look at three other major currency pairs from a technical perspective - the EURUSD, USDJPY and GBPUSD. In ...more

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