News

In focus today From the US, University of Michigan’s November flash consumer sentiment survey is due for release. We will keep a close eye on the inflation expectations, which have remained clearly elevated this year. Note that the US October Jobs Report, which would normally be due for release today, is delayed by the ongoing […]

The post Cooling US Labour Market Sees October Job Cuts Reach 20-Year High appeared first on Action Forex.

In focus today From the US, University of Michigan’s November flash consumer sentiment survey is due for release. We will keep a close eye on the inflation expectations, which have remained clearly elevated this year. Note that the US October Jobs Report, which would normally be due for release today, is delayed by the ongoing […]

The post Cooling US Labour Market Sees October Job Cuts Reach 20-Year High appeared first on Action Forex.

Daily Pivots: (S1) 200.49; (P) 200.94; (R1) 201.56; More… Intraday bias in GBP/JPY remains neutral, and risk will stay on the downside as long as 203.24 resistance holds. Below 199.04 will resume the fall from 205.30 to 194.47 cluster (38.2% retracement of 184.35 to 205.30 at 197.29). Sustained break of 197.29/47 should confirm near term […]

The post GBP/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 200.49; (P) 200.94; (R1) 201.56; More… Intraday bias in GBP/JPY remains neutral, and risk will stay on the downside as long as 203.24 resistance holds. Below 199.04 will resume the fall from 205.30 to 194.47 cluster (38.2% retracement of 184.35 to 205.30 at 197.29). Sustained break of 197.29/47 should confirm near term […]

The post GBP/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 176.30; (P) 176.76; (R1) 177.24; More… Intraday bias in EUR/JPY remains neutral at this point. Risk will stay on the downside as long as 178.80 short term top holds. Below 175.67 will target 55 D EMA (now at 174.99). Sustained break there will should confirm that EUR/JPY is correcting whole rise from […]

The post EUR/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 0.8778; (P) 0.8799; (R1) 0.8810; More… Intraday bias in EUR/GBP is turned neutral again with current retreat. On the upside, above 0.8828 will resume the rally from 0.8221 to 0.8867 fibonacci level. Firm break there will carry larger bullish implications. However, considering bearish divergence condition in 4H MACD, decisive break of 0.8761 […]

The post EUR/GBP Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 1.7700; (P) 1.7775; (R1) 1.7896; More… EUR/AUD’s break of 1.7813 resistance dampen the original bearish view. Intraday bias is back on the upside for 1.8160 resistance first. On the downside, though, break of 1.7561 will resume the fall from 1.8160 to 1.7254 support. In the bigger picture, price actions from 1.8554 medium […]

The post EUR/AUD Daily Outlook appeared first on Action Forex.