Risk appetite was surprisingly strong into the US inflation data, expected to advance to another forty-year high at today’s print. The S&P500 jumped above its 100-DMA, and Nasdaq hit its 200-DMA after pulling out an important Fibonacci resistance, the major 38.2% retracement on November – January selloff, hinting at a short-term bullish reversal in Nasdaq […]
The post The US Inflation Data is Still a Threat to the Overall Market mood appeared first on Action Forex.
Daily Pivots: (S1) 1.6230; (P) 1.6275; (R1) 1.6351; More… Intraday bias in EUR/AUD stays neutral as consolidations continues above 1.6125. Further decline is expected with 1.6594 resistance intact. Firm break of 1.6125 will resume the Read more…
Daily Pivots: (S1) 0.9088; (P) 0.9115; (R1) 0.9162; More…. EUR/CHF extended rebound and firm break of 0.9092 support turned resistance suggests short term bottoming at 0.8979. Sustained trading above 38.2% retracement of 0.9394 to 0.8979 Read more…
Daily Pivots: (S1) 0.7022; (P) 0.7065; (R1) 0.7131; More… Intraday bias in AUD/USD stays neutral as range trading continues. With 0.6943 support intact, further rally is still expected. On the upside, firm break of 100% Read more…