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Intraday bias in AUD/USD remains neural for the moment. On the upside, above 0.9068 will indicate that choppy rebound 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 the downside,

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');document.write('USD/CAD Daily Outlook
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USD/CAD\'s short term outlook is still neutral. Price actions from 1.0734 are viewed as sideway consolidation pattern, in form of triangle. Break of 1.0675 will argue that such consolidation is completed and rise from 0.9929 low is resuming for another high above 1.0851. On the downside, in case of another

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');document.write('EUR/USD Daily Outlook
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EUR/USD\'s rally resumes today and edges higher to 1.3076 so far. We\'d continue to look for reversal signal as EUR/USD approaches cluster level of 1.3105/3123 (38.2% retracement of 1.5143 to 1.1875 at 1.3123, 161.8% projection of 1.1875 to 1.2466 from 1.2149 at 1.3105). On the downside, break of 1.2731 will

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');document.write('GBP/USD Daily Outlook
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Upside momentum in GBP/USD is diminishing mildly intraday bias remains on the upside as long as 1.5547 minor support holds. Whole rise from 1.4230 is expected to continue towards 61.8% retracement of 1.7043 to 1.4230 at 1.5968 next. On the downside, below 1.5547 minor support will turn bias neutral and

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');document.write('USD/CHF Daily Outlook
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With 1.0674 resistance intact, USD/CHF\'s outlook remains bearish and recent fall from 1.1729 is still expected to continue. Below 1.0481 will flip bias back to the downside. Break of 1.0394 will target outer trend line support (0.9634, 0.9916, now at 1.0020). However, considering bullish convergence condition in 4 hours MACD,

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');document.write('USD/JPY Daily Outlook
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With 4 hours MACD crossed below signal line again, intraday bias in USD/JPY is turned neutral. Break of 88.11 minor support will suggests that recovery from 86.26 has finished at 88.11 and will flip intraday bias back to the downside for 86.26 low. Break will confirm that whole decline from

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');document.write('EUR/GBP Daily Outlook
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No change in EUR/GBP\'s outlook. With 0.8316 support intact, we\'d still favoring the case that rise from 0.8067 is not completed yet. Above 0.8416 minor resistance will flip intraday bias back to the upside for 0.8530 and then 0.8601 resistance. However, decisive break of 0.8316 will argue that another low

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');document.write('EUR/CHF Daily Outlook
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Another rise is still in favor in EUR/CHF with 1.3629 minor support intact. But still, we\'d continue to focus on reversal signal inside 1.3733/4039 resistance zone. On the downside, below 1.3629 minor support will flip intraday bias back to the downside. Further break of 1.3341 will indicate that recovery from

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');document.write('EUR/JPY Daily Outlook
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With 4 hours MACD crossed below signal line, a temporary top is formed at 114.72 and intraday bias is turned neutral. Some consolidations would be seen first but downside should be contained above 110.00 support and bring another rise. Current rebound from 107.30 is expected to continue further and above

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With 4 hours MACD crossed below signal line, intraday bias in GBP/JPY is turned neutral and some sideway trading might be seen first. Nevertheless, downside should be contained by 134.37 support and bring another rise. Whole medium term rally from 126.73 is expected to continue further and above 137.52 will

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');document.write('Daily Report: Dollar and Yen Back Under Mild Pressure, Kiwi Recovers Mildly
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Dollar and yen are back under mild pressure as European stocks open slightly higher on positive earnings from Siemens AG and BASF SE. GBP/USD leads the way and breaks yesterday high, rises to as high as 1.5651 so far while EUR/USD continue to press 1.305 level. Yen crosses, as well

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');document.write('RBNZ Raised OCR To 3%, Signaled Slowdown In Pace Of Tightening
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The RBNZ raised the OCR by +25 bps to 3% in June. However, the market was disappointed as the central bank explicitly said that \'the pace and extent of further OCR increases is likely to be more moderate than was projected in the June statement\'. The reference is inline with

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');document.write('July\'s Beige Book Shows Slowdown in Growth
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Fed\'s beige Book covering the period spanning mid-June through late-July reported that \'economic activity has continued to increase, on balance, since the previous survey\' but economies in 2 (Cleveland and Kansas City) of the Fed\'s 12 districts \'held steady\' while 2 (Atlanta and Chicago) showed slowdown in the pace of

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');document.write('New Zealand Dollar Tumbles after Dovish RBNZ Hike, Risk Appetite Receded Mildly on Poor Data
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RBNZ raised the Official Cash Rate by 25bps to 3.00% today as widely expected. However, New Zealand dollar is sharply lower as RBNZ noted in the statement that the pace of further OCR increase is \"likely to be more moderate than was projected in the June Statement\". The accompanying statement

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');document.write('EUR/USD Mid-Day Outlook
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With 4 hours MACD crossed below signal line, intraday bias in EUR/USD is turned neutral. While another rise could still be seen, we\'d continue to look for reversal signal as EUR/USD approaches cluster level of 1.3105/3123 (38.2% retracement of 1.5143 to 1.1875 at 1.3123, 161.8% projection of 1.1875 to 1.2466

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');document.write('GBP/USD Mid-Day Outlook
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Intraday bias in GBP/USD remains on the upside with 1.5441 minor support intact. Whole rise from 1.4230 is expected to continue towards 61.8% retracement of 1.7043 to 1.4230 at 1.5968 next. On the downside, below 1.5441 minor support will turn bias neutral and bring retreat. But downside should be contained by 1.5123 support and bring another rise.

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');document.write('USD/CHF Mid-Day Outlook
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USD/CHF\'s consolidation from 1.0399 is still in progress and another rise cannot be rueld out. But still, short term outlook remains bearish as long as 1.0674 resistance holds and recent fall from 1.1729 is still in favor to continue. Below 1.0481 will flip bias back to the downside. Break of

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');document.write('USD/JPY Mid-Day Outlook
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USD/JPY retreats after climbing to 88.11 earlier today but outlook remains unchanged so far. Recovery from 86.26 could still continue but upside is expected to be limited well below 89.14 resistance and bring fall resumption. Below 86.83 minor support will flip intraday bias back to the downside. Further break of

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');document.write('Mid-Day Report: Yen Fighting Back after Poor US Durables Orders, Fed Beige Book and RBNZ Next
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Yen is trying to fight back in early US session after disappointing durable goods orders report from US. Headline durable orders dropped sharply by -1.0% in June, the biggest fall since August 2009 and much worse than expectation of 0.8% rise. Ex-transport orders also dropped by -0.6%. Sentiments are also

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');document.write('EUR/USD Daily Outlook
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Upside momentum in EUR/USD remains unconvincing. While another rise could still be seen, we\'d continue to look for reversal signal as EUR/USD approaches cluster level of 1.3105/3123 (38.2% retracement of 1.5143 to 1.1875 at 1.3123, 161.8% projection of 1.1875 to 1.2466 from 1.2149 at 1.3105). On the downside, break of

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