Daily Pivots: (S1) 1.0782; (P) 1.0813; (R1) 1.0862; More… No change in EUR/USD’s outlook and intraday bias stays neutral. On the upside, break of 1.0857 resistance will indicate that correction from 1.0963 has completed already. Retest of 1.0953 should be seen first. Firm break there will resume the rally from 1.0176 towards 1.1274 key resistance. […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
Chicago Fed President Austan Goolsbee acknowledged in a Fox News interview that while hard data, like the low 4.1% unemployment rate, still point to economic resilience, soft data are painting a gloomier picture. Goolsbee highlighted Read more…
We expect the OCR will be cut 25bp to 3.5%. The RBNZ will retain an easing bias. Global uncertainties and the perception the OCR is above the neutral rate will drive the easing bias. We Read more…
GBPAUD: ⬇️ Sell GBPAUD reversed from long-term resistance level 2.0820 Likely to fall to support level 2.030 GBPAUD currency pair recently reversed from the resistance area located between the long-term resistance level 2.0820 (former multiyear Read more…