USD/CAD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.4210; (P) 1.4228; (R1) 1.4252; More… Intraday bias in USD/CAD stays on the upside for the moment. Current rally is part of...
Tag : Outlook
EUR/USD Outlook: ECB and Fed Divergence Leading Bears
The European Central Bank lowered borrowing costs by 25 bps on Thursday. Experts believe Trump’s tariffs might further weaken the Eurozone economy. Recent data has...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s strong rebound last week suggests that correction from 0.8956 has already completed at 0.8735, and rise from 0.8374 is ready to resume. Initial bias...
Weekly Market Outlook (16-20 December)
UPCOMING EVENTS: Monday: China Retail Sales and Industrial Production, Japan/Eurozone/UK/US Flash PMIs. Tuesday: UK Employment report, Canada CPI, US Retail Sales, US Industrial Production and...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s decline last week suggests that corrective recovery from 1.2486 might have completed at 1.2810 already. Break of 1.2615 should affirm this case, and bring...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 151.37; (P) 152.11; (R1) 153.20; More… Intraday bias in USD/JPY stays on the upside for retesting 156.74 high. Current development suggests that...
RBA’s Hunter does not comment on current state of, outlook for, economy or policy
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and...
USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone
The Bank of Canada shifted to a more hawkish tone that boosted the Canadian dollar. The dollar was weak after US inflation data came in...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8787; (P) 0.8810; (R1) 0.8853; More… Intraday bias remains on the upside for the moment. As noted before, corrective fall from 0.8956...
EUR/GBP Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8267; (P) 0.8279; (R1) 0.8290; More… EUR/GBP’s down trend resumed by breaking through 0.8259 low. Intraday bias is back on the downside...