FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro- Major Crypto levels and bias summary 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro- Major Pair levels and bias summary 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: GBP/AUD moves lower on weak UK data 
Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.08588
Kijun-Sen- 1.07718
EURUSD showed a minor sell-off despite weak US PPI data. It hit a low of 1.08315 yesterday and is currently trading around 1.08498.
US PPI rose 1.3% YoY in Oct, compared to a forecast of 2.2%. The annual core PPI surged 2.4% in Oct vs. Forecast of 2.70%. US retail sales dropped 0.10% in Oct from the previous month's 0.90%. Empire State manufacturing index improved to 9.1 in Nov from -4.2 in Oct.
Major Economic Data for the day
Nov 16th, 2023, US Initial jobless claims (1:30 pm GMT)
Philly Fed Manufacturing Index
According to the CME Fed watch tool, the probability of a no-rate hike in Dec increased to 100% from 90.2% a week ago.
The US 10-year yield showed a minor pullback on weak US PPI. The US 10 and 2-year spread widened to -39.5% from -16%.
The pair trades above short-term 21 EMA, 55 EMA, and long-term (200-EMA) in the 4-hour chart. Any break above 1.0900 confirms further bullishness. A jump to 1.0948/1.1000 is possible. The near-term support is around 1.08300 and any breach below targets is 1.0765/1.0700. Bullish invalidation only if it breaks below 1.0440.
Indicator (4-hour chart)
CCI – bullish
Directional movement index – bullish
It is good to buy on dip around 1.0800 with SL around 1.0760 for a TP of 1.1000.
