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Daily Pivots: (S1) 1.3438; (P) 1.3462; (R1) 1.3502; More… Intraday bias in GBP/USD stays neutral at this point, and further decline remains 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 pullback from 1.3725 has already […]
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Daily Pivots: (S1) 0.7938; (P) 0.7963; (R1) 0.7978; More… Range trading continues in USD/CHF and intraday bias remains neutral. On the upside, sustained trading above 55 D EMA (now at 0.8006) will suggest that rise from 0.7828 is already correcting whole fall from 0.9200. Further rise should the be seen to 0.8170 resistance and possibly […]
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Eurozone retail sales rose 0.1% mom in August, matching expectations and signaling only a modest pickup in consumer activity. The increase was driven by 0.3% rise in food, drinks, and tobacco sales and 0.4% gain in automotive fuel, partly offset by a -0.1% decline in non-food product demand. Across the wider European Union, retail sales […]
The post Eurozone retail sales edge up 0.1% mom in August, momentum muted appeared first on Action Forex.
Investor sentiment in the Eurozone improved in October, with Sentix Investor Confidence Index rising from -9.2 to -5.4, topping forecasts of -7.7. Current Situation Index advanced from -18.8 to -16.0, while Expectations climbed sharply from 0.8 to 5.8. Sentix said the latest data initially looks like the long-awaited economic turning point, with strong improvements seen […]
The post Eurozone Sentix rises to -5.4, mood brightens from exaggerated pessimism appeared first on Action Forex.
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