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Daily Pivots: (S1) 1.1459; (P) 1.1496; (R1) 1.1520; More… EUR/USD’s decline is in progress and intraday bias stays on the downside for 100% projection of 1.1917 to 1.1540 from 1.1727 at 1.1350. Decisive break there would prompt downside acceleration to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, above 1.1540 minor resistance […]
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Senate minority leader Schumer and the House minority leader — both Democrats — are seeking a meeting to end the government shutdown. There might be some movement on the Republican side as Trump highlighted that the shutdown cost Republicans in elections yesterday, though he’s still banging the drum on ending the filibuster.
At 1 pm ET, Trump will be giving a “big speech on the economy” according to the press secretary.
This article was written by Adam Button at investinglive.com.
Daily Pivots: (S1) 1.2972; (P) 1.3059; (R1) 1.3108; More… GBP/USD’s fall from 1.3787 is in progress and intraday bias stays on the downside for 61.8% retracement of 1.2099 to 1.3787 at 1.2744 next. Sustained break there will pave the way to 1.2099 support next. On the upside, above 1.3095 minor resistance will turn intraday bias […]
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Daily Pivots: (S1) 153.99; (P) 154.14; (R1) 154.38; More… USD/JPY recovered after drawing support from 55 4H EMA, but stays below 154.47 resistance. Intraday bias remains neutral for the moment. 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 […]
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Daily Pivots: (S1) 0.8078; (P) 0.8094; (R1) 0.8120; More… Intraday bias in USD/CHF remains on the upside for 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Break there will extend the corrective rally from 0.7828 to 138.2% projections at 0.8213. On the downside, break of 0.8066 minor support will suggest that deeper pullback […]
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The latest ADP private employment report provided a modest dose of reassurance to the Fed, showing that U.S. job growth may be stabilizing after a period of softness. Following the data, Fed funds futures reflected roughly 70% chance of a December rate cut, up slightly from last week but still leaving room for doubt. Markets […]
The post Muted Market Reaction After ADP; Risk Tone Steadies but Caution Persists appeared first on Action Forex.
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