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Daily Pivots: (S1) 1.1655; (P) 1.1675; (R1) 1.1706; More… Intraday bias in EUR/USD remains neutral for the moment. Further decline is still expected with 1.1778 resistance intact. On the downside, break of 1.1540 will resume the fall from 1.1917 to 1.1390 , or further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. However, firm […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
Comments from the WTO leader:
It’s hard to imagine what role the WTO can even play in the future.
This article was written by Adam Button at investinglive.com.
Daily Pivots: (S1) 149.97; (P) 150.68; (R1) 151.16; More… USD/JPY accelerates lower today and the break of 149.95 resistance turned support indicates that a short term top was already formed at 153.26. Intraday bias is now on the downside for 55 D EMA (now at 148.58) instead. Sustained break there will raise the chance of […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.1655; (P) 1.1675; (R1) 1.1706; More… EUR//USD retreated well ahead of 1.1778 resistance and intraday bias stays neutral. Further decline is still expected with 1.1778 resistance intact. On the downside, break of 1.1540 will resume the fall from 1.1917 to 1.1390 , or further to 38.2% retracement of 1.0176 to 1.1917 at […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
As markets enter into U.S. session, sentiment showed signs of stabilization, as investors cautiously stepped back into equities after a sharp selloff in regional banks yesterday. Concerns over credit quality and loan losses had triggered a steep decline in financial stocks, but bargain-hunting helped bank shares rebound, lifting broader index futures in premarket trading. The […]
The post Wall Street Finds Footing After Bank Rout, but Conviction Still Lacking appeared first on Action Forex.
A report early this week in the WSJ highlighted that China doesn’t think Trump will let the US stock market fall in a trade war and that’s tough to argue with given his comments today. On Fox Business he called 100% tariffs on China unsustainable and repeatedly said everything will be fine while also indicating he didn’t know what would happen.
That’s been good enough to lift US stock futures back to flat on the day. S&P 500 futures had been 80 points lower a few hours ago and are now nearly flat.
This article was written by Adam Button at investinglive.com.
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