Forex Today: US Dollar consolidates gains ahead of key data
Here is what you need to know on Wednesday, November 5:
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Japan’s Top FX Diplomat Mimura: Recent Yen moves deviate from the fundamentals
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said on Wednesday, “recent Yen moves deviate from the fundamentals. -
EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1459; (P) 1.1496; (R1) 1.1520; More… Intraday bias in EUR/USD remains 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 will turn bias neutral […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
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EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1459; (P) 1.1496; (R1) 1.1520; More… Intraday bias in EUR/USD remains 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 will turn bias neutral […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
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USD/JPY Daily Outlook
Daily Pivots: (S1) 153.99; (P) 154.14; (R1) 154.38; More… Intraday bias in USD/JPY stays neutral and more consolidations would be seen below 154.47. 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 […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
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USD/JPY Daily Outlook
Daily Pivots: (S1) 153.99; (P) 154.14; (R1) 154.38; More… Intraday bias in USD/JPY stays neutral and more consolidations would be seen below 154.47. 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 […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
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Japan top currency diplomat says recent yen moves deviate from the fundamentals
- There is some speculation in the market about Japan’s macroeconomic policies, especially fiscal policy
- Yen long positions have been shrinking after the summer
- We all agree that monetary policy itself is in the hands of the BOJ
A bit of added verbal smackdown from Tokyo. This is becoming more frequent after Takaichi’s appointment as prime minister, amid her status as a big fiscal dove.
This article was written by Justin Low at investinglive.com.
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.2972; (P) 1.3059; (R1) 1.3108; More… Intraday bias in GBP/USD stays on the downside, and fall from 1.3787 should now target 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 […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.2972; (P) 1.3059; (R1) 1.3108; More… Intraday bias in GBP/USD stays on the downside, and fall from 1.3787 should now target 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 […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
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USD/CHF Daily Outlook
Daily Pivots: (S1) 0.8078; (P) 0.8094; (R1) 0.8120; More… There is no clear sign of topping in USD/CHF yet despite loss of momentum as seen in 4H MACD> Further rise would be seen to 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% […]
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