Euro trims losses against Swiss Franc after ECB Monetary Policy Accounts reaffirm steady stance
The Euro (EUR) edges higher against the Swiss Franc (CHF) on Thursday, erasing earlier losses after a volatile start to the day.
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EUR/JPY Mid-Day Outlook
Daily Pivots: (S1) 177.03; (P) 177.44; (R1) 177.99; More… Intraday bias in EUR/JPY is turned neutral first with current retreat, and some consolidations would be seen below 177.91 temporary top. Downside should be contained above 175.03 resistance turned support to bring another rally. On the upside, above 177.91 will resume larger up trend to 61.8% […]
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USDCAD technicals: The USDCAD remains in a very narrow trading range. Look for the break.
Yesterday in the USDCAD, traders tried to stretch the market out of its narrow box—but both attempts failed. First, the pair extended its 30-pip range to the upside, only to run out of steam – quickly. Then it broke lower, extending to the downside, and that too fizzled. The net effect? The 5-day trading range has only widened slightly, from about 30 pips to roughly 40 pips—hardly impressive and still extremely narrow.
That failure on both ends doesn’t change the broader takeaway: when ranges get this tight, the market is primed for a break. Right now, the 5-day high sits near 1.3971 and the low is anchored at 1.3931. A decisive move beyond either of those boundaries could trigger momentum and a directional run.
In the meantime, traders are left watching a cluster of key moving averages—including the 200-day, plus the 100- and 200-hour MAs—all packed into the zone between 1.39427 and 1.3953. That tight confluence is acting as a short-term bias barometer, and whichever side of it holds could help define the next tilt in sentiment.
This article was written by Greg Michalowski at investinglive.com.
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Japan’s Takaichi: We don’t want to trigger an excessive yen decline
USD/JPY dipped on this comment.
- Says Japanese bonds are overwhelmingly held by domestic investors, Japanese bond market is the most-stable in the world
- There are both benefits and demerits in a weak yen, which provides buffer for exports but pushes up imports
This article was written by Adam Button at investinglive.com.
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The Club’s top 10 things to watch in the stock market Thursday
Nvidia got approval to sell chips to the UAE, and Delta Air Lines soared on earnings. -
EUR/AUD Mid-Day Outlook
Daily Pivots: (S1) 1.7612; (P) 1.7667; (R1) 1.7703; More… EUR/AUD’s break of 1.7588 support confirms resumption of the fall from 1.8155. Such decline is seen as the third leg of the corrective pattern from 1.8554 high. Intraday bias is back on the downside for 100% projection of 1.8155 to 1.7588 from 1.7929 at 1.7362. On […]
The post EUR/AUD Mid-Day Outlook appeared first on Action Forex.
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EUR/AUD Mid-Day Outlook
Daily Pivots: (S1) 1.7612; (P) 1.7667; (R1) 1.7703; More… EUR/AUD’s break of 1.7588 support confirms resumption of the fall from 1.8155. Such decline is seen as the third leg of the corrective pattern from 1.8554 high. Intraday bias is back on the downside for 100% projection of 1.8155 to 1.7588 from 1.7929 at 1.7362. On […]
The post EUR/AUD Mid-Day Outlook appeared first on Action Forex.
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Euro Under Fire Again as France’s Macron Hunts for Sixth Prime Minister in Two Years
Euro came under renewed selling pressure today, particularly in crosses, as investors reacted nervously to deepening political uncertainty in France. President Emmanuel Macron’s search for a new prime minister dominated headlines. His office confirmed that he would appoint a replacement “within 48 hours,” after outgoing Prime Minister Sebastien Lecornu spent two days in futile talks […]
The post Euro Under Fire Again as France’s Macron Hunts for Sixth Prime Minister in Two Years appeared first on Action Forex.
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EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1598; (P) 1.1631; (R1) 1.1662; More… EUR/USD’s fall from 1.1917 is in progress and intraday bias stays on the downside. Deeper decline should be seen to 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, above 1.1682 minor resistance will turn intraday bias neutral […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
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Canada to lay out new industrial vision today
There will be two big drivers of how well global economies perform in the years ahead:
- How well countries negotiate on tariffs with the United States
- How well countries adapt to tariffs
It’s a big week on both fronts for Canada as Carney visited Washington and negotiators remain there. Going ahead, top Canadian policymakers are trying to craft a plan to cope and pivot the economy. In Toronto today, Innovation Minister Mélanie Joly is set to deliver a three-point strategy. Some of the details were shared with the Globe & Mail.
- In the short term, Ottawa is determined to prop up critical sectors of
the Canadian economy with financial relief until these industries can
adapt and pivot to new products and markets. This has already included support for steel and lumber. - Canada will rebuild its military domestically with a Buy Canadian policy and the new Defence Investment Agency. One company cited was aviation simulator CAE (CAE.TO), which can ‘count lon long-term defense contracts’. “For the first time in decades, we will be re-creating a military industry in our country,” she said
- The government intends to unveil measures to attract foreign investors
and high-quality talent and researchers from the United States - Ottawa’s new major projects office will fast-track infrastructure projects
USD/CAD is down 4 pips to 1.3945 today.
Shares of CAE are indicated slightly higher in the premarket.
This article was written by Adam Button at investinglive.com.
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