USD/JPY’s strong break of 157.99 support indicates rebound from 155.22 has completed as a three wave corrective move to 160.38. Intraday bias is back on the downside for 155.22 low, and then 154.76/155.01 key support zone. Strong support is expected from the zone to bring rebound. On the upside, above 157.99 will turn intraday bias […]
The post USD/JPY Daily Outlook appeared first on ActionForex.
GBP/USD attempted to rebound from a two-week low of approximately 1.3485 on Thursday. Investors are moving away from riskier assets amid concerns about the economic impact of an energy shock triggered by a fresh escalation Read more…
Silver has rebounded from 63.27 as the macro pressures behind its selloff simply stopped worsening, not reversed — leaving the 62.54–62.92 support cluster as the line that decides whether this is the start of the Read more…
Eurozone producer prices accelerated sharply in July, with PPI swinging from -0.3% to +1.6% m/m, above 1.2% consensus. Annual producer inflation also rose from 4.6% to 5.8% y/y. Energy accounted for most of monthly jump, Read more…