Consecutive misses on US data in the North-American Morning Session as the US Services PMI came in at 49.9 vs 52 expected. Equity markets which rallied back after the miss on ADP Data, gapped right back down as Services Data, which has been holding strong throughout Hike cycles and geopolitical certainty is now showing weakness. […]
The post US Services PMI Dipping into Contraction – Equities Continue to Reject Highs appeared first on Action Forex.
Daily Pivots: (S1) 193.57; (P) 194.54; (R1) 195.80; More… Intraday bias in GBP/JPY remains neutral as range trading continues. Further rise is in favor as long as 191.86 support holds. Firm break of 196.38 will Read more…
Daily Pivots: (S1) 163.25; (P) 163.96; (R1) 165.04; More… Intraday bias in EUR/JPY is back on the upside with break of 164.24. Firm break of 165.19 will resume whole rally from 154.77 and target 166.67 Read more…
Daily Pivots: (S1) 1.3536; (P) 1.3577; (R1) 1.3612; More… Further rally is expected in GBP/USD with 1.3414 support intact. Current rise should target 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, break Read more…