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Daily Pivots: (S1) 161.24; (P) 161.76; (R1) 162.18; More… Intraday bias in EUR/JPY remains neutral as range trading continues. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 resistance, and then 166.67. However, decisive break of 158.27 support will bring deeper decline back to 154.77 support. Overall, sideway consolidation pattern from […]

The post EUR/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 0.8553; (P) 0.8584; (R1) 0.8640; More… Intraday bias in EUR/GBP remains neutral for the moment. Consolidations from 0.8737 could extend but further rise is still expected as long as 0.8518 support holds. On the upside, break of 0.8737 will resume the larger rally from 0.8221. In the bigger picture, down trend from […]

The post EUR/GBP Daily Outlook appeared first on Action Forex.

• Eurostoxx -0.3%
• Germany DAX +0.1%
• France CAC 40 -0.5%
• UK FTSE -0.7%
• Spain IBEX -0.5%
• Italy FTSE MIB -0.4%

The drop here offsets the gains from yesterday, though the broader market mood is looking a little more positive today. There’s a slight bounce in US futures with S&P 500 futures seen up 0.9% at the moment. That is helping to preserve a calmer tone with the dollar also recovering some ground to start the session.

This article was written by Justin Low at www.forexlive.com.

• Prior CHF 4.80 billion; revised to CHF 4.74 billion

The Swiss trade surplus expanded in March as exports were seen up 22.2% on the month while imports increased by 19.4% on the month. Swiss watch exports were seen up 1.5% year-on-year in nominal terms to CHF 2.13 billion.

This article was written by Justin Low at www.forexlive.com.

• Prior -0.2%

The decline owes in large part to a fall in energy prices (-2.8%). If you strip that out, German producer prices were actually up 0.2% on the month and also up 1.4% year-on-year.

This article was written by Justin Low at www.forexlive.com.

Daily Pivots: (S1) 0.9210; (P) 0.9255; (R1) 0.9317; More…. No change in EUR/CHF’s outlook as consolidations continue above 0.9218. Intraday bias remains neutral for the moment. Outlook will remain bearish as long as 0.9408 resistance holds. On the downside, firm break of 0.9204 low will confirm larger down trend resumption. In the bigger picture, rejection […]

The post EUR/CHF Daily Outlook appeared first on Action Forex.