Japan’s industrial production took a sharp hit in August, contracting by -3.3% mom, a significant miss compared to market expectations of -0.5% mom decline. The seasonally adjusted production index for factories and mines stood at 99.7, based on the 2020 benchmark of 100. Among the 15 industrial sectors surveyed, 12 experienced a decrease in output, […]
The post Japan’s industrial output drops -3.3% mom in Aug, set for recovery in coming months appeared first on Action Forex.
Gold is trading sideways today, but close to recent highs Volatility drops as a key US data week starts Momentum indicators are less bullish at this juncture Gold is trading sideways today, a tad below Read more…
Daily Pivots: (S1) 1.1124; (P) 1.1164; (R1) 1.1202; More…. Intraday bias in EUR/USD remains neutral and more consolidations could be seen below 1.1213. But further rally is expected as long as 1.1001 support holds. Above Read more…
Daily Pivots: (S1) 140.66; (P) 143.58; (R1) 145.08; More… Intraday bias in USD/JPY remains on the downside as fall from 146.48 is in progress for retesting 139.578. Strong support could be seen again from 139.26 Read more…