Fed’s Powell suggests tightening program could end soon, opens door to rate cuts
Fed Chair Jerome Powell on Tuesday said the central bank is nearing a point where it will stop reducing the size of its bond holdings.
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AUD/USD Daily Report
Daily Pivots: (S1) 0.6443; (P) 0.6483; (R1) 0.6525; More… Intraday bias in AUD/USD is turned neutral first with current recovery. Below 0.6439 will target 0.6413 cluster support (38.2% retracement of 0.5913 to 0.6706 at 0.6403). Sustained break there will pave the way to 61.8% retracement at 0.6216. Nevertheless, break of 0.6628 resistance will retain near […]
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.4020; (P) 1.4050; (R1) 1.4075; More… Intraday bias in USD/CAD remains mildly on the upside for the moment. Sustained trading above 1.4014/7 will suggest that USD/CAD is already reversing the whole fall from 1.4719, and target 61.8% retracement at 1.4312. On the downside, below 1.3975 minor support will turn intraday bias neutral […]
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EUR/GBP weakens to near 0.8700, French government plans to postpone pension reforms
The EUR/GBP cross drifts lower to around 0.8705 during the early European session on Wednesday. The Euro (EUR) remains weak against the Pound Sterling (GBP) after France’s President Emmanuel Macron reappointed Sébastien Lecornu as Prime Minister. -
EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1562; (P) 1.1588; (R1) 1.1634; More… Intraday bias in EUR/USD remains neutral as consolidations continue above 1.1540. Deeper decline is expected as long as 1.1778 resistance holds. 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 […]
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EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1562; (P) 1.1588; (R1) 1.1634; More… Intraday bias in EUR/USD remains neutral as consolidations continue above 1.1540. Deeper decline is expected as long as 1.1778 resistance holds. 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 Daily Outlook appeared first on Action Forex.
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3262; (P) 1.3307; (R1) 1.3366; More… Intraday bias in GBP/USD is turned neutral with current recovery. On the downside, below 1.3247 will resume the fall from 1.3725 to 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected from there to complete the corrective pattern from 1.3787. On […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3262; (P) 1.3307; (R1) 1.3366; More… Intraday bias in GBP/USD is turned neutral with current recovery. On the downside, below 1.3247 will resume the fall from 1.3725 to 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected from there to complete the corrective pattern from 1.3787. On […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3262; (P) 1.3307; (R1) 1.3366; More… Intraday bias in GBP/USD is turned neutral with current recovery. On the downside, below 1.3247 will resume the fall from 1.3725 to 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected from there to complete the corrective pattern from 1.3787. On […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3262; (P) 1.3307; (R1) 1.3366; More… Intraday bias in GBP/USD is turned neutral with current recovery. On the downside, below 1.3247 will resume the fall from 1.3725 to 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected from there to complete the corrective pattern from 1.3787. On […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
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