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Markets Ongoing trade tensions between the US and China and a spike in uncertainty related to US regional banks (fraud-linked) undermined risk sentiment last week. Credit tensions in Europa were temporary mitigated as old/new French Prime Minister Lecornu on Thursday survived two no-confidence votes, allowing him to work on a 2026 government budget. Even so, […]
The post Asian Markets Start the Week on Positive Note with Japan Outperforming appeared first on Action Forex.
Daily Pivots: (S1) 1.1627; (P) 1.1677; (R1) 1.1705; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. Further decline is in favor as long as 1.1778 resistance holds. Break of 1.1540 will resume the decline from 1.1917 and target 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 149.79; (P) 150.22; (R1) 151.05; More… Intraday bias in USD/JPY is turned neutral with current recovery. On the downside, below 149.37 will target 55 D EMA (now at 148.78). Sustained break there will target 145.47 support next. Nevertheless, firm break of 151.38 minor resistance will argue that pullback from 153.26 short term […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3388; (P) 1.3430; (R1) 1.3468; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the downside, break of 1.3247 will target 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected there to contain downside to complete the corrective pattern from 1.3787. On the upside, […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.7893; (P) 0.7916; (R1) 0.7958; More… Intraday bias in USD/CHF remains neutral for some consolidations. But further decline is expected as long as 0.7984 resistance holds. On the downside, below 0.7872 will bring retest of 0.7828. Firm break there will resume larger down trend. However, break of 0.7984 will suggest that corrective […]
The post USD/CHF Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.6458; (P) 0.6480; (R1) 0.6516; More… Intraday bias in AUD/USD stays neutral and more consolidations could be seen above 0.6439. Further decline is in favor as long as 55 D EMA (now at 0.6543) holds. Below 0.6439 will target 0.6413 cluster support (38.2% retracement of 0.5913 to 0.6706 at 0.6403. Decisive break […]
The post AUD/USD Daily Report appeared first on Action Forex.
Daily Pivots: (S1) 1.3998; (P) 1.4033; (R1) 1.4057; More… Intraday bias in USD/CAD remains neutral and more consolidations could be seen below 1..407. But further rally is expected as long as 1.3930 support holds. Current development suggest that rise from 1.3538 is reversing whole fall from 1.4791. Above 1.4078 will target 61.8% retracement of 1.4791 […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
I was off last week and couldn’t believe the amount of news that landed on the headlines in just a week. First, trade tensions between the US and China are fully back after China restricted rare earth metal exports to the US and the US threatened China with 100% tariffs — before Scott Bessent said […]
The post Sentiment Improves Before US-China Trade Talks appeared first on Action Forex.
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