Month: March 2022

EUR/AUD dropped to as low as 1.5583 last week and the strong break of 1.5250 confirmed resumption of larger down trend from 1.9799. Initial bias stays on the downside this week for next target at Read more…

EUR/CHF’s down trend accelerated to as low as 1.0016 last week, just ahead of parity. Initial bias stays on the downside this week for 100% projection of 1.0936 to 1.0298 from 1.0610 at 0.9972. There Read more…

Russia invasion of Ukraine continued last week and risk aversion intensified sharply after Russia’s attempt to attack Zaporizhzhia nuclear power station. European stocks took a steep dive with benchmark yields. Oil prices surged to levels Read more…

Monday, Mar 7, 2022 Tuesday, Mar 8, 2022 Wednesday, Mar 9, 2022 Thursday, Mar 10, 2022 Friday, Mar 11, 2022 The post Summary 3/7 – 3/11 appeared first on Action Forex.

Summary United States: The U.S. Economy Had Solid Momentum Ahead of Russia’s Invasion February’s employment data showed the economy had strong momentum ahead of Russia’s invasion of Ukraine and amid the Fed’s shift to a Read more…

U.S. Highlights The labor market added 678k jobs in February, and the unemployment rate fell to 3.8% – the lowest reading since the pandemic began. Early indicators suggest that manufacturing and services sectors were out Read more…

We expect Canada’s job market to have posted a strong comeback from the latest pandemic wave. We expect February’s job report will retrace three-quarters of the 200,000 jobs lost in January. High-contact hospitality sectors again Read more…

The main driver of prices this week will continue to be the uncertainty from the Russia/Ukraine conflict. Russia continues its invasion into Ukraine.  Reports from last week that Russia struck a nuclear plant were a Read more…

Recession risks mounting It’s been another week of significant volatility in financial markets, one in which European indices edged closer to bear market territory, oil prices hit a 10-year high around $120, and safe-haven gold Read more…