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.
In focus the week Today is quiet on the data front. The week ahead will focus on inflation, with the UK print on Wednesday likely being a deciding factor for whether a Bank of England rate cut is on the table in November. On Friday, the euro area October flash PMI report will be released, […]
The post Focus on PMIs and Inflation appeared first on Action Forex.
Daily Pivots: (S1) 0.9219; (P) 0.9247; (R1) 0.9276; More… Intraday bias in EUR/CHF stays on the downside for the moment. Current fall is resuming larger down trend and should target 61.8% projection of 0.9660 to 0.9218 from 0.9452 at 0.9179. Firm break there will target 100% projection at 0.9010. Near term outlook will now stay […]
The post EUR/CHF Daily Outlook appeared first on Action Forex.
There is an air of optimism that US and China will play nice with Trump set to meet with Xi Jinping in South Korea next week. That despite the threat of tariffs still remaining. It’s all about the TACO momentum now as we wait on key headlines to work with in the week ahead, although the US government shutdown will continue to sap the energy out of markets still. US futures are holding higher as well with S&P 500 futures up 0.3% currently.
This article was written by Justin Low at investinglive.com.
Daily Pivots: (S1) 0.8664; (P) 0.8695; (R1) 0.8710; More… Range trading continues in EUR/GBP and intraday bias remains neutral for the moment. On the downside, break of 0.8654 will resume the fall from 0.8750. Decisive break there will indicate bearish reversal and target 38.2% retracement of 0.8221 to 0.8750 at 0.8548. Nevertheless, on the upside, […]
The post EUR/GBP Daily Outlook appeared first on Action Forex.
The two sides should officially announce their coalition partnership later today and this sets the stage for Takaichi to likely win her bid to become Japan’s first female prime minister. The premiership vote will take place tomorrow.
As a reminder, Takaichi is a big fiscal dove with her policy intentions outlined here previously.
This article was written by Justin Low at investinglive.com.
USD/CAD rose further to 1.4078 last week but formed a temporary top there and retreated. Initial bias remains neutral this week for some more consolidations. 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 […]
The post USD/CAD Weekly Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.7868; (P) 1.8015; (R1) 1.8093; More… Intraday bias in EUR/AUD remains neutral for the moment, and more consolidations could be seen first. On the upside, sustained break of 0.8155 resistance will affirm the case that larger up trend is resuming. Further rise should be seen to retest 1.8554 high next. However, break […]
The post EUR/AUD Daily Outlook appeared first on Action Forex.
End of content
End of content