Forex Charts

FX Daily

Euro Flash inflation is expected to drop to -0.1% y/y for December from 0.3% y/y in November.

FX Daily

US ISM non-manufacturing is expected to surprise on the downside today

FX Daily

German CPI for December will be released today and we expect it to fall to 0.3% y/y from

FX Daily

In Europe the main focus will be the release of manufacturing PMIs.

FX Daily

Euro-area money supply and bank lending data are published.

FX Daily

There is little economic data published today.

FX Daily

There’s a lot of US data on the agenda today. US durable goods orders are expected to

EURUSD – countertrend bounce can stall b/w 1.2300 to 1.2350/80

There is a countertrend bounce after a clean 5-wave decline but

USDJPY – nearing 120.36/48 ideal target zone for wave-(b)

Rather than label the A-B-C correction to 115.57 as all of wave-4,

USDCAD – daily chart & hourly bull tri suggests another thrust to 1.17’s

Still working towards our target zone in the low 1.17’s.

FX Daily

A very quiet day on the data front with US existing home sales and

USDJPY – working on wave-(b) of the larger triangle correction

The retrace failed at the 61.8% Fib near 119.45. So far the move up is only