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ECB President Christine Lagarde said in a speech today the central bank is “in a good place” as the inflation shock of recent years has largely faded in the Eurozone. She cited three additional reasons underpinning the current stance: trade shocks are “not creating new inflationary pressures”, inflation risks are “quite contained in both directions,” […]
The post Lagarde: ECB not facing classic policy trade-off appeared first on Action Forex.
Daily Pivots: (S1) 1.1700; (P) 1.1728; (R1) 1.1754; More… Intraday bias in EUR/USD stays neutral for the moment. 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 1.1670) will argue that 1.1917 was already a medium term top. Deeper […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3394; (P) 1.3426; (R1) 1.3458; More… Intraday bias in GBP/USD remains neutral for the moment. 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 picture, […]
The post GBP/USD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.7957; (P) 0.7972; (R1) 0.7993; More… Intraday bias in USD/CHF remains neutral for the moment. 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 above. […]
The post USD/CHF Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.8716; (P) 0.8731; (R1) 0.8746; More… Intraday bias in EUR/GBP remains neutral and more consolidations would be seen below 0.8750. Further rally is expected as long as 0.8694 support holds. Firm break of 0.8752 will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close […]
The post EUR/GBP Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 148.15; (P) 148.92; (R1) 149.37; More… No change in USD/JPY’s outlook and intraday bias stays neutral first. Further rally is expected as long as 147.45 support holds. Corrective pattern from 150.90 should have completed at 145.47. Above 149.95 will bring retest of 150.90 first. Firm break there will target 151.22 fibonacci level. […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
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