Trump to meet China’s Xi for the first time in second term as trade deal remains elusive
The confirmation of a Trump-Xi meeting signaled an intent to de-escalate tensions and put negotiations back on track, analysts said.
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USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.7948; (P) 0.7961; (R1) 0.7973; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. With 0.7984 resistance intact, further decline is in favor. On the downside, below 0.7913 minor support will turn bias to the downside for 0.7872 and then 0.7828 low. Firm break there will resume larger down trend. […]
The post USD/CHF Mid-Day Outlook appeared first on Action Forex.
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.3981; (P) 1.3993; (R1) 1.4006; More… USD/CAD is still extending the corrective pattern from 1.4078. Intraday bias stays neutral for the moment. While deeper retreat cannot be ruled out, further rally is still expected as long as 1.3930 support holds. Current development suggest that rise from 1.3538 is reversing whole fall from […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.3981; (P) 1.3993; (R1) 1.4006; More… USD/CAD is still extending the corrective pattern from 1.4078. Intraday bias stays neutral for the moment. While deeper retreat cannot be ruled out, further rally is still expected as long as 1.3930 support holds. Current development suggest that rise from 1.3538 is reversing whole fall from […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
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United Kingdom Retail Sales ex-Fuel (MoM) declined to 0.6% in September from previous 0.8%
United Kingdom Retail Sales ex-Fuel (MoM) declined to 0.6% in September from previous 0.8% -
United Kingdom Retail Sales ex-Fuel (YoY) came in at 2.3%, above expectations (0.7%) in September
United Kingdom Retail Sales ex-Fuel (YoY) came in at 2.3%, above expectations (0.7%) in September -
Markets Hold Breath Ahead of US CPI, US–China Talks in KL
Dollar traded steady in Asian session, with traders showing little appetite for new positions ahead of key inflation data. The September CPI report, due later in the day, is expected to show a 0.4% monthly increase in headline prices and a 0.3% gain in core CPI, which would push the annual headline rate up to […]
The post Markets Hold Breath Ahead of US CPI, US–China Talks in KL appeared first on Action Forex.
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United Kingdom Retail Sales (MoM) above forecasts (-0.2%) in September: Actual (0.5%)
United Kingdom Retail Sales (MoM) above forecasts (-0.2%) in September: Actual (0.5%) -
Sweden Producer Price Index (YoY) increased to 0.5% in September from previous -0.7%
Sweden Producer Price Index (YoY) increased to 0.5% in September from previous -0.7% -
UK September retail sales +0.5% vs -0.2% m/m expected
- Prior +0.5%; revised to +0.6%
- Retail sales +1.5% vs +0.4% y/y expected
- Prior +0.7%
- Retail sales ex autos, fuel +0.6% vs -0.6% m/m expected
- Prior +0.8%; revised to +1.0%
- Retail sales ex autos, fuel +2.3% vs +0.7% y/y expected
- Prior +1.2%; revised to +1.3%
This article was written by Justin Low at investinglive.com.
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