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Daily Pivots: (S1) 1.1258; (P) 1.1322; (R1) 1.1432; More… Intraday bias in EUR/USD stays neutral for the moment. On the upside, break of 1.1417 resistance will revive the case that correction from 1.1572 has completed at 1.1064. Retest of 1.1572 should then be seen next. Nevertheless, break of 1.1209 will extend the corrective pattern and […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
US headline PCE price index rose 0.1% mom in April, in line with expectations, while annual inflation slipped from 2.3% yoy to 2.1% yoy, below the consensus of 2.2%. Core PCE, Fed’s preferred inflation gauge, also rose 0.1% mom and slowed from 2.6% yoy to 2.5% yoy, matching expectations. The data supports the view that […]
The post US core PCE inflation cools to 2.5%, income surges appeared first on Action Forex.