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Markets The jobs report coming from ADP is usually a mere appetizer ahead of the official payrolls report scheduled for release two days later. This time around, though, it’s the main dish. The US government shutdown means economic data coming from the Department of Labour (payrolls, CPI, jobless claims …) are suspended for who knows […]
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US ISM Manufacturing PMI inched up from 48.7 to 49.1 in September, just shy of expectations at 49.2, marking the seventh straight month in contraction. The modest uptick reflected stronger production, which rose from 47.8 to 51.0, and a slight improvement in employment from 43.8 to 45.3. However, the details painted a mixed picture. New […]
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Daily Pivots: (S1) 1.1709; (P) 1.1736; (R1) 1.1759; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral. Further fall is expected as long as 1.1819 resistance holds. Considering bearish divergence condition in D MACD, sustained trading below 55 D EMA (now at 1.1675) will argue that 1.1917 was already a medium term top. […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.7941; (P) 0.7963; (R1) 0.7988; More… Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8014) 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) 147.44; (P) 148.15; (R1) 148.64; More… USD/JPY’s break of 147.45 dampens the original bullish view, and suggests that rebound from 145.47 has completed at 149.95. Intraday bias is back on the downside for 145.47, as the pattern from 150.90 extends. On the upside, above 148.21 minor resistance will turn intraday bias neutral […]
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Daily Pivots: (S1) 1.3418; (P) 1.3442; (R1) 1.3471; More… Outlook in GBP/USD is unchanged and intraday bias remains neutral. Further decline is expected as long as 1.3535 resistance holds. Break of 1.3322 will resume the fall from 1.3725, as the third leg of the corrective pattern from 1.3787, and target 1.3140 support. In the bigger […]
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