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Daily Pivots: (S1) 1.3204; (P) 1.3229; (R1) 1.3258; More… Intraday bias in GBP/USD remains neutral first. On the upside, break of 1.3267 will resume the rebound from 1.3308. Sustained trading above 55 D EMA (now at 1.3265) should confirm that fall from 1.3787 has completed as a correction. Further rise should then be seen to […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.8019; (P) 0.8046; (R1) 0.8064; More… USD/CHF is staying in consolidations below 0.8101 and intraday bias stays neutral. Rise from 0.7877 is still seen as the third leg of the corrective pattern from 0.7828 low. Above 0.8101 will target 0.8123 resistance, and then 138.2% projection of 0.7828 to 0.8075 from 0.7877 at […]
The post USD/CHF Daily Outlook appeared first on Action Forex.
Markets US stock markets ended a low-volume, shortened after-Thanksgiving-trading session in the green with gains between 0.54-0.65% for the main indices. European equities overcame early weakness to finish 0.3% higher (EuroStoxx50). Last week’s moves, particularly in the US, called off the threat of equity markets turning into a sell-on-upticks pattern. US yields rose up to […]
The post Japanese Yen Performing Strongly appeared first on Action Forex.
December is finally here. Last month ended on a positive note – with a solid reversal of the early-November losses on one single bet: that the Federal Reserve (Fed) would cut interest rates in December. US traders came back from their Thanksgiving break to a market paralysed by a tech issue on Friday, but the […]
The post The Day Ueda Ruined the Mood appeared first on Action Forex.
In focus today In the US, the November ISM Manufacturing index is due for release today. Leading manufacturing indicators have sent mixed signals so far, with the flash PMI declining slightly and regional Fed indices improving modestly. Even though the most important US labour market and inflation data points have been postponed beyond the Fed’s […]
The post PMIs Underscore Persistent Headwinds in Chinese Manufacturing appeared first on Action Forex.
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