Asia Roundup

I'll just come right out and say it - today's session was incredibly dull from a price action point of view. I had begun to suspect my internet connection had died until A$ dropped 11 pips about an hour ago. But then it has been an action-packed week, so a breather is good - as long as we see more action tonight from Europe and US of course.

  • Japan's Inflation Rate Slows for Second Straight Month

  • Canada broaden their sanctions against Russia

  • New Zealand business confidence falls for a 5th consecutive month to 39.7, a 9-month low


UP NEXT:

Daily Insight

  • German business sentiment, if below expectations could quickly eradicate some for the bullish sentiment form yesterday’s session. In particular this could aid the DAX swing trade short.

  • UK GDP y/y could aid the bearish setups below 1.7 if this falls short. Cable is looking increasingly fragile with yesterday's close seeing an acceleration of bears entering. WHilst I am bearish below 1.7 for the remainder of the week I will be looking for bullish opportunities next week if / when we approach the trendline

  • US Core Durables should see DXY maintain near the highs and possibly help it test 81 if this comes in positive, which would follow on nicely from yesterday's positive employment data.


TECHNICAL ANALYSIS:

GBPUSD: Seeking bearish setups below 1.70

GBPUSD

NZDUSD: Chance for one more dip lower?

NZDUSD

USDJPY: Holds near the highs with support at 1.067

USDJPY

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