Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
There is just one to take note of on the day, as highlighted in bold below.
That perhaps being for NZD/USD at the 0.5675 level. However, I wouldn’t attach much significance or impact to the expiries there with it not being tied to any key technical level. On top of that, the risk mood is arguably the biggest driver of trading sentiment this week. So, that matters more to traders in playing things out for the time being.
As things stand, we’re seeing a modest pick up in risk appetite ahead of European trading. So, that’s helping to keep things in check with the antipodes rebounding. AUD/USD is flat at 0.6490 while NZD/USD is up 0.2% to 0.5653 after lows of 0.5630 earlier.
For more information on how to use this data, you may refer to this post here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.
The pick up in new orders is helped by a boost in the automotive industry (+3.2%) and in the manufacture of electrical equipment (+9.5%) for September. That is offset by a decline in manufacture of metal products (-19.0%), following several large orders there in the month of August. Excluding large orders, new orders were 1.9% higher than in the previous month.
This article was written by Justin Low at investinglive.com.
Daily Pivots: (S1) 0.6468; (P) 0.6504; (R1) 0.6528; More… Intraday bias in AUD/USD remains on the downside. Fall from 0.6616 is the third leg of the pattern from 0.6706, and should target 0.6413 cluster support (38.2% retracement of 0.5913 to 0.6706 at 0.6403). Strong support should be seen from 0.6403/13 to bring rebound to extend […]
The post AUD/USD Daily Report appeared first on Action Forex.
Daily Pivots: (S1) 0.6468; (P) 0.6504; (R1) 0.6528; More… Intraday bias in AUD/USD remains on the downside. Fall from 0.6616 is the third leg of the pattern from 0.6706, and should target 0.6413 cluster support (38.2% retracement of 0.5913 to 0.6706 at 0.6403). Strong support should be seen from 0.6403/13 to bring rebound to extend […]
The post AUD/USD Daily Report appeared first on Action Forex.
Daily Pivots: (S1) 1.4070; (P) 1.4089; (R1) 1.4124; More… USD/CAD’s break of 1.4078 confirms resumption of whole rally from 1.3538. Intraday bias is back on the upside for 100% projection of 1.3725 to 1.4078 from 1.3886 at 1.4239. On the downside, below 1.4052 minor support will turn bias neutral again first. But risk will remain […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.4070; (P) 1.4089; (R1) 1.4124; More… USD/CAD’s break of 1.4078 confirms resumption of whole rally from 1.3538. Intraday bias is back on the upside for 100% projection of 1.3725 to 1.4078 from 1.3886 at 1.4239. On the downside, below 1.4052 minor support will turn bias neutral again first. But risk will remain […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
End of content
End of content