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The Bank of England kept the Bank Rate at 4.00%. The vote split was 5-4 in favour of hold, more dovish than expected. The potential of further easing hinges a lot on the continuance of the recent promising disinflation. The market reacted by trading Gilt yields a bit lower and EUR/GBP higher, although the latter […]
The post Bank of England Review – Dovish Hold appeared first on Action Forex.
The AUDUSD moved higher yesterday and continued that extension into today’s trading. However, once the price reached the falling 100 hour MA, the buyers turned to sellers and the the price started to back off.
US stocks moving lower (Nasdaq is now down -241 points or 1.0%) has more risk-off trading in play and that is pushiing the pair down further.
The video above explains the roadmap and the now downside targeted levels.
This article was written by Greg Michalowski at investinglive.com.
Markets The Bank of England kept the policy rate unchanged at 4% but hinted at a move soon, as soon as December and no later than February 2026. Risks to inflation have become more balanced, the statement now reads, and “The Bank rate is likely to continue on a gradual downward path” if disinflation progress […]
The post Sunset Market Commentary appeared first on Action Forex.
Daily Pivots: (S1) 1.1475; (P) 1.1487; (R1) 1.1504; More… Intraday bias in EUR/USD is turned neutral with current recovery, and some consolidations would be seen above 1.1467 temporary low. Further decline is expected as long as 1.1727 resistance holds. Below 1.1467 will extend the fall from 1.1917 to 100% projection of 1.1917 to 1.1540 from […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 153.27; (P) 153.81; (R1) 154.67; More… USD/JPY is still bounded in consolidations below 154.47 and intraday bias stays neutral. Further rally is expected as long as 151.52 support holds. Above 154.47 will resume larger rise from 139.87 to 100% projection of 146.58 to 153.26 from 149.37 at 156.05. Break there will pave […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.8079; (P) 0.8102; (R1) 0.8124; More… A temporary top was formed at 0.8123 after USD/CHF hit 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Intraday bias is turned neutral first. On the upside, firm break of 0.8123 will extend the corrective rally from 0.7828 to 138.2% projections at 0.8213. On […]
The post USD/CHF Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3023; (P) 1.3038; (R1) 1.3067; More… Intraday bias in GBP/USD is turned neutral with current recovery, and some consolidations would be seen above 1.3008. But risk will stay on the downside as long as 1.3247 support turned resistance holds. Below 1.3008 will resume the fall from 1.3787 and target 61.8% retracement of […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
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