GBP/USD is attempting a recovery wave above 1.3100. EUR/GBP is consolidating and might aim for a fresh increase above 0.8800. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.3120. There was a break above a bearish trend line with resistance at 1.3070 on the hourly chart […]
The post GBP/USD Bounces Back As EUR/GBP Awaits Catalyst appeared first on Action Forex.
Last week was a tough one: it was marked by a cocktail of rare but discouraging US data. Falling yields failed to lift risk appetite, and better-than-expected tech earnings couldn’t lure investors back on board. OpenAI even suggested that the US could warrant its trillion-dollar debt — I mean, it was a disaster. But this […]
The post Some Relief appeared first on Action Forex.
Last week was a tough one: it was marked by a cocktail of rare but discouraging US data. Falling yields failed to lift risk appetite, and better-than-expected tech earnings couldn’t lure investors back on board. OpenAI even suggested that the US could warrant its trillion-dollar debt — I mean, it was a disaster. But this […]
The post Some Relief appeared first on Action Forex.
In focus today In Norway, October inflation data is released today, and we expect unchanged core inflation at 3.0% y/y. October is a month with limited seasonal variations so the range of outcomes this time is lower than usual. We believe the figures will show that the disinflationary trend continues, but at a moderate pace. […]
The post Progress in Talks to End US Shutdown appeared first on Action Forex.
In focus today In Norway, October inflation data is released today, and we expect unchanged core inflation at 3.0% y/y. October is a month with limited seasonal variations so the range of outcomes this time is lower than usual. We believe the figures will show that the disinflationary trend continues, but at a moderate pace. […]
The post Progress in Talks to End US Shutdown appeared first on Action Forex.
Daily Pivots: (S1) 1.1532; (P) 1.1562; (R1) 1.1593; More… Intraday bias remains neutral at this point. Further fall would remain in favor as long as 55 D EMA (now at 1.1623) holds. Below 1.1467 will resumed the decline from 1.1917 to 1.1390 support next. However, sustained trading above 55 D EMA will argue that fall […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
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