EUR/GBP edges higher as German Retail Sales and Inflation data provide a mixed picture for the ECB
The Euro (EUR) is firming against the British Pound (GBP) on Friday, with EUR/GBP holding above the 100-day Simple Moving Average (SMA) near 0.8415.
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United States Baker Hughes US Oil Rig Count fell from previous 465 to 461
United States Baker Hughes US Oil Rig Count fell from previous 465 to 461 -
United States Michigan Consumer Sentiment Index registered at 52.2 above expectations (51) in May
United States Michigan Consumer Sentiment Index registered at 52.2 above expectations (51) in May -
USD/CHF Price Forecast: Gains ground near 0.8200
The USD/CHF pair attracted bids after revisiting a near five-week low around 0.8185 during North American trading hours on Friday. -
United States Personal Consumption Expenditures – Price Index (MoM) meets expectations (0.1%) in April
United States Personal Consumption Expenditures – Price Index (MoM) meets expectations (0.1%) in April -
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3437; (P) 1.3472; (R1) 1.3529; More… Range trading continues in GBP/USD and intraday bias remains neutral. With 1.3389 support intact, further rally is expected. On the upside, firm break of 1.3592 will resume larger rally for 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, decisive break of 1.3389 will […]
The post GBP/USD Mid-Day Outlook appeared first on Action Forex.
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USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 143.34; (P) 144.81; (R1) 145.66; More… Intraday bias in USD/JPY stays neutral at this point. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87. Nevertheless, break of 142.10 will bring deeper fall back to 139.87 low. In the bigger picture, price actions […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
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Why Lagarde’s euro ambition could be a threat to King DollarUncertainty over the dollar’s dominance could “open the door for the euro to play a greater international role,” according to ECB President Christine Lagarde.
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Tech stocks skid as Trump’s aggravation with China, Marvell earnings lead to Friday pullbackUS tech stocks are shedding weight on Friday following several negative news stories. The NASDAQ Composite has given up as much as 0.9%, while the Dow Jones Industrial Average (DJIA) is slightly positive.
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Silver Price Forecast: XAG/USD strives to hold $33 amid renewed Sino-US trade worries
Silver price (XAG/USD) is down almost 1% near the key level of $33.00 during North American trading house on Friday. However, the white metal strives to gain ground as renewed trade tensions between the United States (US) and China are limited the upside in the US Dollar (USD).
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