Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
With little surprise, major US indices went on to print fresh all-time highs yesterday, again fueled by technology and AI. In fresh news, Elon Musk’s xAI secured $20 billion in funding — including from Nvidia, SoftBank bought ABB’s robotics division, intensifying its bet on what it calls “Physical AI,” which it believes will be the […]
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In focus today Today is generally light on the macro data front; however, in the US, the Fed will host a community banking conference in Washington this afternoon, and Chair Powell is scheduled to give pre-recorded opening remarks. Economic and market news What happened overnight In the Israel-Palestine conflict, Israel and Hamas have agreed on […]
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Daily Pivots: (S1) 1.1598; (P) 1.1631; (R1) 1.1662; More… EUR/USD’s fall from 1.1917 is in progress and intraday bias stays on the downside. Deeper decline should be seen to 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, above 1.1682 minor resistance will turn intraday bias neutral […]
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Daily Pivots: (S1) 1.1598; (P) 1.1631; (R1) 1.1662; More… EUR/USD’s fall from 1.1917 is in progress and intraday bias stays on the downside. Deeper decline should be seen to 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, above 1.1682 minor resistance will turn intraday bias neutral […]
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Daily Pivots: (S1) 151.96; (P) 152.48; (R1) 153.22; More… USD/JPY’s rally from 145.47 is in progress and intraday bias stays on the upside for 100% projection of 142.66 to 150.90 from 145.47 at 153.71. Firm break there will pave the way to 161.8% projection at 158.80. On the downside, below 151.71 minor support will turn […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 151.96; (P) 152.48; (R1) 153.22; More… USD/JPY’s rally from 145.47 is in progress and intraday bias stays on the upside for 100% projection of 142.66 to 150.90 from 145.47 at 153.71. Firm break there will pave the way to 161.8% projection at 158.80. On the downside, below 151.71 minor support will turn […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3369; (P) 1.3407; (R1) 1.3442; More… Intraday bias in GBP/USD remains neutral as sideway trading continues. With 1.3535 resistance intact, further decline is mildly in favor. On the downside, break of 1.3322 will resume the fall from 1.3725 to 1.3140 support. On the upside, though, firm break of 1.3535 will argue that […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.7988; (P) 0.8008; (R1) 0.8040; More… Intraday bias in USD/CHF remains on the upside at this point. Sustained trading above 55 D EMA (now at 0.8004) will suggest that rise from 0.7828 is already correcting whole fall from 0.9200. Further rally should the be seen to 0.8170 resistance and possibly above. For […]
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Markets The topic of fiscal sustainability for sure still has to role to play in the (near) future as markets are pondering an acceptable level for (sovereign) credit and other risk premia. However after the Japan/France driven stress over the previous days, the risk repositioning takes a breather. As a point in case, the Japanese […]
The post Sunset Market Commentary appeared first on Action Forex.
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