Greetings Once Again, Everyone!
The Asian Equity Bourses continue an Onslaught of Activity, as the Yen Itself get pummeled with Japanese Outflow Sentiment and Retail Account scooping up The Yen Crosses.
Our Bullish Friend, the NZD/JPY, rolls over on this Sentiment with Japanese Retail Sales clocking in at - 2.9% Year-Over-year.
The “Bleedout” from all of this has prompted Follow-Through with the Swissy Unit, as well as the Aussie Dollar seeing Institutional Pressures from Bullish Builds coming in on Retracements.
In my personal View… this will Reverse the Asian Activity Course… as the AUD/USD and the Yen Crosses will see increased Bullish Sentiment as the European Markets open for our Day.
Let’s bring the Kiwi Yen back in, as well as the “Other Side of the Fence” with the Aussie Dollar to see how The Dollar reacted in Overnight Asian Activity.
Here are the Hourly Views, so give them a Click for Commentary, and Post-Time is 7:10 GMT.
As always, here is the 7:00 GMT “Currency Majors Technical Perspective” Report to check on more Immediate-Levels with our “Four Siblings”.
Watch for German Unemployment Data Points and EU Consumer Confidence in the Near-Term, so check your various Support-and-Resistance Levels as we move forward in early European Trading!
As always… Please Join me again soon for more Updates!
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