Japan industrial production dropped -2.6% mom in October, worse than expectation of -1.8% mom. The seasonally adjusted production index for the manufacturing and mining sectors stood at 95.9 against 100 for the base year of 2015. The shipment index stood at 94.1, down -1.1%, and the inventory index at 103.0, down -0.8%. The Ministry of […]
The post Japan industrial production dropped -2.6% mom in Oct, but bounce back expected appeared first on Action Forex.
EUR/USD edged lower to 1.1159 last week and breached 100% projection of 1.1848 to 1.1323 from 1.1710 at 1.1185, then turned sideway. Initial bias remains neutral this week and further decline is expected. Below 1.1159 Read more…
USD/JPY continued to stay in sideway trading last week. Initial bias remains neutral this week and further rise is mildly in favor as long as 156.36 support holds. Above 159.02 will extend the rebound from Read more…
GBP/USD stayed in range trading above 1.3179 last week. Initial bias remains neutral this week and further decline is in favor as long as 1.3310 resistance holds. Below 1.3179 will extend the fall from 1.3675 Read more…