Daily Pivots: (S1) 160.96; (P) 163.12; (R1) 164.65; More… Intraday bias in GBP/JPY is back on the downside as fall from 167.84 resumes. Firm break of 159.97 support will raise the chance of rejection by 167.93 long term fibonacci resistance. Deeper fall would be seen to 155.57 support for confirmation. On the upside, break of […]
The post GBP/JPY Daily Outlook appeared first on Action Forex.
US equities tumbled sharply on Monday, kicking off March with the biggest single-day decline in months, and the markets were rattled by the formal commencement of a US-led trade war. The selloff started in the Read more…
Australia’s retail sales turnover rose 0.3% mom to AUD 37.08B in January, matched expectations. Robert Ewing, ABS head of business statistics, said: “While the pick-up in retail spending since mid-2024 has been boosted by more Read more…
The minutes from RBA’s February meeting reinforced the central bank’s cautious approach to monetary easing, making it clear that the recent 25bps rate cut to 4.10% does “not commit them to further reductions” in subsequent Read more…