Markets Fuss about potential Japanese FX interventions (USD/JPY 160) and more French political scenario’s dominated headlines yesterday, but failed to inspire trading. European risk sentiment improved with key indices rising by 0.5% to 1.5%. Safe haven assets like core bonds and the dollar travelled the other direction, resulting in marginally higher German yields and EUR/USD […]
The post EUR/USD Has Little Upward/Rebound Potential appeared first on Action Forex.
In focus today In the euro area, focus turns to inflation data for Germany and Spain which we receive ahead of the euro area data tomorrow. We expect euro area headline inflation to rise to Read more…
Appetite on Wednesday was limited on both sides of the Atlantic Ocean. In the US, the crowded economic data came in mostly in line with expectations, confirming that the US economy grew 2.8% in Q3 Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… Intraday bias in EUR/USD remains neutral and further decline is expected with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from Read more…