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Daily Pivots: (S1) 1.3432; (P) 1.3479; (R1) 1.3524; More… Intraday bias in GBP/USD remains neutral with focus on 1.3535 resistance. Firm break there 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 from 1.3725, as the […]
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Daily Pivots: (S1) 0.7937; (P) 0.7963; (R1) 0.7998; More… Range trading continues in USD/CHF 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 and possibly […]
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Daily Pivots: (S1) 0.6592; (P) 0.6610; (R1) 0.6631; More… Intraday bias in AUD/USD stays neutral at this point. On the upside, firm break of 0.6627 resistance will suggest that pullback from 0.6706 has completed as correction, after drawing support from 55 D EMA (now at 0.6551). That will keep the larger rally from 0.5913 alive […]
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Daily Pivots: (S1) 1.3909; (P) 1.3933; (R1) 1.3959; More… Intraday bias in USD/CAD remains neutral as consolidations continue below 1.3957. On the upside, firm break of 1.3957 will resume the corrective rebound from 1.3538. But upside should be limited by 1.4014 cluster resistance to bring reversal. Meanwhile, sustained trading below 55 4H EMA (now at […]
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Daily Pivots: (S1) 0.9332; (P) 0.9353; (R1) 0.9370; More… EUR/CHF retreated again after edging higher to 0.9371 and intraday bias stays neutral. On the upside, above 0.9371 will target 0.9394 resistance. Firm break there should confirm that the pullback from 0.9452 has completed, and bring retest of this resistance. Nevertheless, break of 0.9311 will resume […]
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Markets With most ‘official’ US data releases suspended due to the government shutdown, markets (and the Fed) now have to rely on the likes of the ADP private jobs report and ISMs. By the way, if the shutdown continues, most of this month’s market relevant US data might already be published after tomorrow’s US services […]
The post Fitch Doesn’t Expect US Government Shutdown to Affect the Country’s Rating in Near Term appeared first on Action Forex.
Swiss consumer prices dipped -0.2% mom in September, in line with expectations. Core CPI also dropped -0.2% mom. Domestic product prices fell -0.3% mom while imported product prices slipped -0.1% mom. On an annual basis, headline CPI was unchanged at 0.2% yoy, slightly below the 0.3% forecast but positive for a fourth straight month. Core […]
The post Swiss CPI holds low 0.2% in September, core steady at 0.7% appeared first on Action Forex.
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