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Markets European inflation numbers offered the proverbial “go” for Thursday’s ECB rate cut. Prices flatlined in May with both the headline and core (ex. food and energy prices) index coming in at 0% m/m. This resulted in a 1.9% and 2.3% y/y reading, missing estimates by 0.1 ppt. The services inflation gauge is closely watched […]
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Daily Pivots: (S1) 142.16; (P) 143.08; (R1) 143.61; More… No change in USD/JPY’s outlook and intraday bias remains neutral. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87. Nevertheless, break of 142.10 will bring deeper fall back to 139.87 low. In the bigger picture, price […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 192.88; (P) 193.40; (R1) 193.78; More… Range trading continues in GBP/JPY and intraday bias stays neutral. Further rise is in favor as long as 191.86 support holds. Firm break of 196.38 will resume whole rally from 184.35. However, firm break of 191.86 will indicate near term reversal and turn bias back to […]
The post GBP/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 162.95; (P) 163.20; (R1) 163.55; More… Range trading continues in EUR/JPY and intraday bias remains neutral. On the upside, above 164.24 will bring retest of 165.19 resistance first. Firm break there will resume while rise from 154.77 to 166.67 resistance. On the downside, however, break of 161.06 will resume the decline from […]
The post EUR/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 162.95; (P) 163.20; (R1) 163.55; More… Range trading continues in EUR/JPY and intraday bias remains neutral. On the upside, above 164.24 will bring retest of 165.19 resistance first. Firm break there will resume while rise from 154.77 to 166.67 resistance. On the downside, however, break of 161.06 will resume the decline from […]
The post EUR/JPY Daily Outlook appeared first on Action Forex.
This was a market mover at one point but that’s rarely the case any more as dairy is a shrinking part of the NZ economy and terms of trade.
This article was written by Adam Button at www.forexlive.com.
Daily Pivots: (S1) 0.8432; (P) 0.8441; (R1) 0.8459; More… EUR/GBP’s rebound from 0.8354 short term bottom is in progress. Intraday bias stays on the upside for 0.8458 resistance, and then 38.2% retracement of 0.8737 to 0.8354 at 0.8500. On the downside, however, break of 0.8401 minor support will bring retest of 0.8354 low. In the […]
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