Month: April 2022

EUR/GBP’s strong rebound last week suggests that pull back from 0.8511 has completed at 0.8428 already. Initial bias is back on the upside this week for 0.8511 resistance. Further break of 0.8511 will reaffirm that Read more…

EUR/AUD’s rebound from 1.4318 accelerated higher last week. The development suggests that it’s now already corrective whole fall from 1.6223. Initial bias is mildly on the upside this week for 38.2% retracement of 1.6223 to Read more…

EUR/CHF’s rebound from 1.0086 extended higher last week. The development suggests that pull back from 1.0400 has completed, and rise from 0.9970 is ready to resume. But as a temporary top was formed at 1.0369, Read more…

Speculations on aggressive Fed tightening intensified sharply last week after a chorus of hawkish comments from policy markets. Markets are indeed pricing in near 70% chance of federal funds rate at 1.50-1.75% by the end Read more…

Monday, Apr 25, 2022 Tuesday, Apr 26, 2022 Wednesday, Apr 27, 2022 Thursday, Apr 28 2022 Friday, Apr 29, 2022 The post Summary 4/25 – 4/29 appeared first on Action Forex.

Traders are convinced that the Fed is going to raise interest rates aggressively “until something breaks.” The Week Ahead: Vive la France! For most traders, the focus last week was on the ramp up into Read more…

U.S. Highlights US yields continued to move higher this week, as Fed Chair Jerome Powell solidified the case for a 50-basis point rate hike at the Fed’s next meeting on May 4th. He also left Read more…

Big events keep coming It could be an interesting start to the week depending on who wins the second round of elections in France on Sunday. Marine Le Pen has made significant progress over the Read more…