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Daily Report: Dollar Lower in Consolidation Markets in a Quiet DayThe financial markets opened the week in rather quiet way. Asian equities struggled in tight range while Japan is on bank holiday. Dollar is generally lower but loss is limited. New Zealand dollar is the strongest currency today and traders pared back some short positions ahead of RBNZ rate decision later this week. Meanwhile, the forex markets is mixed elsewhere. Released today, UK Rightmove house price dropped -0.8% mom in July, down from June's 0.1% mom. German PPI was flat 0.0% mom and dropped -0.7% yoy in June. The economic calendar is empty for the rest of the day and we'd probably seen some more consolidative trading. |
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| Featured Technical Report | |
USD/JPY Daily OutlookDaily Pivots: (S1) 101.12; (P) 101.28; (R1) 101.48; More... No change in USD/JPY's outlook. The choppy decline from 102.79 could extend lower and could break 101.06 support. However, we don't seen enough momentum to push through 100.61/82 keys support zone. Thus, in that case, strong support should be seen around 100.61/82 to bring reversal. Meanwhile, above 101.79 will turn bias back to the upside for 102.26 and above to extend the consolidation from 100.75. |
| Economic Indicators Update |
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Remark: Due to holiday next week, next Candlestick and Ichimoku Trade Idea update will be made on 21 July (Monday). Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | ||||||||||||||||||||||||||||
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Fundamental Highlights
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