Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Major Pair levels and bias summary 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major European Indices 
FxWirePro- Major Crypto levels and bias summary 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.10080
Kijun-Sen- 1.10466
EURUSD showed a minor sell-off despite a positive Euro PMI. Eurozone final PMI came at 4.27 in Jul, in line with the estimate. German Final manufacturing PMI dropped to 38.8 in Jul from the previous month's 40.60. It hits a low of 1.09683 and is currently trading around 1.09682.
According to the commerce department, the PCE index increased 0.20%, in line with the estimate. Core inflation rose 4.1% YoY, down from 4.6% in May. Markets eye Euro CPI flash estimate data for further direction.
Major economic data for the day
Aug 1st, 2023, US ISM manufacturing PMI (2:00 pm GMT)
According to the CME Fed watch tool, the probability of a no-rate hike in Sep increased to 82.50% from 81.60% a week ago.
The US 10-year yield trades flat ahead of the US ISM manufacturing PMI. The US 10 and 2-year spread narrowed to -90.30 from -110%.
The pair trades below short-term 21 EMA, 55 EMA, and long-term (200-EMA) in the 4-hour chart. Any indicative break above 1.1050 confirms further bullishness: a jump to 1.1100/1.1150 is possible. The near-term support is around 1.0950. The breach below targets 1.0900/1.0830.
Indicator (4-hour chart)
CCI – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 1.0985-875 with SL around 1.1050 for a TP of 10800.
