Daily Pivots: (S1) 0.6841; (P) 0.6873; (R1) 0.6927; More… Intraday bias n AUD/USD remains neutral for the moment, and more consolidations could be seen below 0.6907. But further rally is expected as long as 0.6782 support holds. Firm break of […]
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Daily Pivots: (S1) 143.49; (P) 144.17; (R1) 145.42; More… Intraday bias in USD/JPY remains on the upside at this point. Rebound from 139.57 is in progress for 38.2% retracement of 161.94 to 139.57 at 148.11. On the downside, below 142.89
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Daily Pivots: (S1) 1.3281; (P) 1.3355; (R1) 1.3398; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.3429 temporary top. Further rally is expected as long as 1.3265 resistance turned support holds. Above 1.3429 will extend larger rally to
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Daily Pivots: (S1) 1.1099; (P) 1.1156; (R1) 1.1191; More…. Intraday bias in EUR/USD remains neutral for consolidations below 1.1213. Further rally is expected as long as 1.1001 support holds. Above 1.1213 will extend larger rally from 1.0665 to 100% projection
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Germany’s economic prospects have deteriorated further as the Joint Economic Forecast Project Group revised its GDP forecasts downward. The group now expects the German economy to contract by -0.1% in 2024, a downgrade from the previously anticipated 0.1% growth. This
German economy set for 2nd year of contraction amid structural challenges Read More »
Daily Pivots: (S1) 0.8444; (P) 0.8475; (R1) 0.8536; More… No change in USD/CHF’s outlook as range trading continues and intraday bias stays neutral. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive
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SNB is set to announce its rate decision today, and the financial markets are rife with speculation. A significant gap has emerged between market expectations and those of economists regarding the magnitude of the rate cut. While a majority of
SNB Decision: Conservative 25bps cut or aggressive 50bps? Read More »
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Daily Pivots: (S1) 1.3358; (P) 1.3387; (R1) 1.3442; More… Intraday bias in GBP/USD remains on the upside with 1.3331 minor support intact. Current rally should target 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. On the downside,
GBP/USD Mid-Day Outlook – Action Forex Read More »
Daily Pivots: (S1) 0.9401; (P) 0.9429; (R1) 0.9456; More…. Intraday bias in EUR/CHF remains neutral for the moment, and another rally is still in favor as long as 0.9305 support holds. On the upside, above 0.9502 will resume the rally
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