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Markets Speeches from the Fed, ECB and BoE chairs made up for the gap in the economic calendar yesterday. The one from Fed’s Powell rubberstamped another 25 bps rate cut on October 29. He said the economic outlook was largely unchanged since the September meeting. Powell highlighted growing labour market risks: “available evidence suggests that […]

The post With the French Sting Removed, Euro Enjoying a Sigh of Relief appeared first on Action Forex.

Markets Speeches from the Fed, ECB and BoE chairs made up for the gap in the economic calendar yesterday. The one from Fed’s Powell rubberstamped another 25 bps rate cut on October 29. He said the economic outlook was largely unchanged since the September meeting. Powell highlighted growing labour market risks: “available evidence suggests that […]

The post With the French Sting Removed, Euro Enjoying a Sigh of Relief appeared first on Action Forex.

In focus today In Norway, the fiscal budget for 2026 is published, where we expect a slightly expansionary effect, with an oil-adjusted deficit around 2.8% of the Petroleum Fund. This would be in line with Norges Bank’s assumption from the monetary policy report in September and should therefore be neutral for monetary policy outlook. Remember […]

The post French Premier Wins Backing by Suspending Pension Reform appeared first on Action Forex.

Daily Pivots: (S1) 201.19; (P) 202.35; (R1) 203.37; More… Outlook in GBP/JPY is unchanged and intraday bias remains neutral. With 201.24 resistance turned support intact, further rally is still in favor. Break of 205.30 will target 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. However, firm break of 201.24 will confirm short term […]

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

Daily Pivots: (S1) 201.19; (P) 202.35; (R1) 203.37; More… Outlook in GBP/JPY is unchanged and intraday bias remains neutral. With 201.24 resistance turned support intact, further rally is still in favor. Break of 205.30 will target 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. However, firm break of 201.24 will confirm short term […]

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

Daily Pivots: (S1) 175.55; (P) 176.01; (R1) 176.65; More… No change in EUR/JPY’s outlook. Intraday bias stays neutral and more consolidations could be seen. Further rise is expected as long as 175.03 resistance turned support holds. On the upside, break of 177.91 will target 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 next. […]

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

Daily Pivots: (S1) 175.55; (P) 176.01; (R1) 176.65; More… No change in EUR/JPY’s outlook. Intraday bias stays neutral and more consolidations could be seen. Further rise is expected as long as 175.03 resistance turned support holds. On the upside, break of 177.91 will target 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 next. […]

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