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Daily Pivots: (S1) 1.3391; (P) 1.3451; (R1) 1.3501; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the upside, firm break of 1.3535 resistance will suggest that pullback from 1.3725 has completed, and bring stronger rally to 1.3725/87 key resistance zone. On the downside, though, break of 1.3322 will resume the fall […]
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Daily Pivots: (S1) 0.7953; (P) 0.7977; (R1) 0.8002; More… USD/CHF is still bounded in sideway trading and intraday bias stays neutral. On the upside, sustained trading above 55 D EMA (now at 0.8011) 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 […]
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Yesterday was yet another day investors swung between political shenanigans in the US and AI hype. Mood was not necessarily great in the early hours of trading across the Pacific after Trump’s threat to fire thousands of federal employees if the government shutdown drags on. And the government shutdown doesn’t sound like it will end […]
The post AI Doesn’t Care About Shutdowns appeared first on Action Forex.
In focus today The US September Jobs Report scheduled for today will most likely not be released due to the government shutdown, which also affects the Bureau of Labor Statistics. The ISM Services Index for September will still be released. In Norway, we expect the September unemployment rate (s.a.) to remain at 2.1%, despite slowing […]
The post Key Jobs Report Likely Delayed by US Shutdown appeared first on Action Forex.
Daily Pivots: (S1) 146.73; (P) 147.13; (R1) 147.65; More… Intraday bias in USD/JPY is turned neutral first with current recovery. For now, price actions from 150.90 are still seen as a corrective pattern. On the upside, above 148.12 minor resistance will bring stronger rally to 149.95 first. Firm break there should resume larger rally from […]
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Key Highlights USD/JPY declined and tested the 146.60 support zone It cleared a key bearish trend line with resistance near 147.20 on the 4-hour chart. EUR/USD is showing a few bearish signs and might decline again to 1.1620. Bitcoin extended gains and rallied above $118,000. USD/JPY Technical Analysis The US Dollar declined heavily below 148.00 […]
The post USD/JPY Attempts Comeback – Traders Wonder If Strength Can Really Hold? appeared first on Action Forex.
BoJ Governor Kazuo Ueda said in a speech today that Japan’s real interest rates remain “significantly low,” and if the Bank’s baseline scenario holds, policy rates will continue to rise. He highlighted that rising labor shortages and firmer medium- to long-term inflation expectations should eventually push underlying CPI toward 2% in the second half of […]
The post BoJ’s Ueda reiterates further hikes if baseline holds, flags three uncertainties appeared first on Action Forex.
Japan’s unemployment rate rose more than expected in August, climbing to 2.6% from 2.3% a month earlier. That marked the highest reading since July 2024 and exceeded expectations of 2.4%. Number of unemployed increased by 150k to 1.79 million, a 13-month high, while employment fell by -210k to 68.10 million. The labor force edged down […]
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