USD/CAD dropped further to 1.2821 last week but recovered ahead of 1.2818 support. Initial bias is neutral this week first. On the downside, break of 1.2818 support will bring deeper fall back to 1.2516 key Read more…
GBP/JPY edged higher to 166.23 last week but reversed from there. The development argues that corrective pattern from 168.67 is extending with another falling leg. Initial bias is mildly on the downside this week for Read more…
EUR/JPY rose to 142.31 last week but reversed from there. The development suggests that correction pattern from 144.23 is extending with another falling leg. Initial bias stays mildly on the downside this week for 136.85 Read more…
EUR/GBP rebounded strongly to 0.8585 last week but retreated since then. Initial bias is neutral this week first. Further rise will remain mildly in favor as long as 0.8456 minor support holds. Above 0.8585 will Read more…
EUR/AUD’s fall from 1.5396 resumed last week and hit as low as 1.4650. As noted before, corrective rise from 1.4318 should have completed at 1.5396, after rejection by 1.5354 support turned resistance. Deeper decline should Read more…
EUR/CHF’s recovery was capped by 0.9953 minor resistance last week, but stayed above 0.9804 low. Initial bias remains neutral this week and further fall is expected. On the downside, break of 0.9804 will resume larger Read more…
Dollar ended as the worst performing one last week. Selloff somewhat intensified on Friday after poor PMIs indicated that the US economy was already in contraction. Deep fall in benchmark treasury yields dragged down the Read more…
The streaming giant thinks its problem is its price point and competition, not its content. Netflix has released its second-quarter earnings, and CEO Reed Hastings can console himself that at least it wasn’t as bad Read more…
Monday, Jul 25, 2022 Tuesday, Jul 26, 2022 Wednesday, Jul 27, 2022 Thursday, Jul 28, 2022 Friday, Jul 29, 2022 The post Summary 7/25 – 7/29 appeared first on Action Forex.
Canadian GDP likely declined in May – in line with the 0.2% drop in Statistics Canada’s preliminary estimate a month ago. We do not expect another drop in June. Auto production bounced back after another Read more…