Month: May 2022

EUR/GBP stayed in range trading last weekend outlook is unchanged. Initial bias remains neutral this week first. Further rally is in favor with 0.8365 support intact. On the upside, break of 0.8617 will resume rise Read more…

EUR/AUD stayed in range trading last week and outlook is unchanged. Initial bias remains neutral this week first. Break of 1.4882 support will reaffirm that case that corrective rebound from 1.4318 has completed at 1.5277, Read more…

EUR/CHF stayed in consolidation above 1.0228 last week and outlook is unchanged. Initial bias remains neutral this week and further fall is expected with 1.0359 resistance intact. On the downside, below 1.0228 will reaffirm the Read more…

Dollar’s correction continued last week and ended as the worst performer. Late rebound in stocks and extended correction in treasury yields are both weighing on the greenback. Yen followed as the second weakest, mainly on Read more…

Monday, May 30, 2022 Tuesday, May 31, 2022 Wednesday, Jun 1, 2022 Thursday, Jun 2, 2022 Friday, Jun 3, 2022 The post Summary 5/30 – 6/3 appeared first on Action Forex.

Summary United States: Signs of a Slowdown Begin to Emerge April brought a steep 16.6% decline in new home sales and a 3.9% drop in pending home sales, the latest signs the housing market is Read more…

U.S. Highlights The second estimate of U.S. GDP growth confirmed that the economy contracted in the first quarter of the year, pulling back by 1.5% relative to the 1.4% reported previously. The housing market continued Read more…

With the shortened week in some areas and a plethora of economic data, there is potential for another volatile week ahead. Last week, the RBNZ took its turn at hiking interest rates by 50bps.  This Read more…

Will the recovery continue? It’s likely to be another action-packed week despite numerous countries seeing it shortened by bank holidays. The jobs report is typically the highlight when it comes to the first week of Read more…