Month: June 2022

EUR/GBP stays in sideway trading below 0.8617 last week and outlook is unchanged. Initial bias stays neutral this week first. With 0.8365 support intact, further rise is in favor. On the upside, break of 0.8617 Read more…

EUR/AUD dropped further to 1.4774 last week but recovered since then. Initial bias is turned neutral this week first. Deeper fall will remain in favor as long as 1.4965 minor resistance holds. Corrective rebound from Read more…

EUR/CHF edged lower to 1.0216 last week, but recovered quickly since then. Initial bias is neutral this week first. Further fall is in favor as long as 1.0349 resistance holds. Break of 1.0216 support will Read more…

It’s another poor week for Yen following the rally in benchmark treasury yields in US and Europe. It should be noted again that BoJ has a 0.25% cap on 10-year JGB yield, and thus, gaps Read more…

Monday, Jun 6, 2022 Tuesday, Jun 7, 2022 Wednesday, Jun 8, 2022 Thursday, Jun 9, 2022 Friday, Jun 10, 2022 The post Summary 6/6 – 6/10 appeared first on Action Forex.

Summary United States: Economic Storm Clouds or Just a Brisk Inflationary Headwind? Nonfarm payroll growth exceeded expectations in May, with employers adding 390,000 jobs. The unemployment rate was unchanged at 3.6%, but labor force growth Read more…

U.S. Highlights The U.S. economy continued to add jobs in May, though at a slower pace than in the previous month. The unemployment rate held steady at 3.6% and the labor force participation rate edged Read more…

This week has the potential to be volatile with the RBA and ECB meetings, as well as the US CPI reading for May. Last week, the Bank of Canada hiked rates by 50bps and said Read more…

A strong nonfarm payroll report means that the Fed won’t be pausing their interest rate hiking campaign anytime soon. The May employment report was impressive, but it will likely be the last strong one we Read more…