Month: September 2022

GBP/JPY stayed in consolidation pattern from 168.40 last week and started another falling leg. Initial bias is mildly on the downside this week for 159.42 support. But downside should be contained there to bring rebound. Read more…

EUR/JPY’s up trend continued to 145.62 last week, just inch below 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67. But the cross then turned into consolidations, and initial bias is neutral this week Read more…

EUR/GBP surged to as high as 0.8783 last week, as rise from 0.8201 resumed through 0.8722 resistance. Initial bias stays on the upside this week for 100% projection of 0.8201 to 0.8720 from 0.8338 at Read more…

EUR/AUD gyrated higher last week and rebound from 1.4281 short term bottom extended. Initial bias stays on the upside this week and further rise would be seen towards 1.5396 resistance. On the downside, however, break Read more…

EUR/CHF attempted to resume down trend last week and dipped to 0.9530, but recovered since then. Initial bias stays neutral this week first. Outlook will remain bearish as long as 0.9864 resistance holds. Break of Read more…

Monday, Sep 19, 2022 Tuesday, Sep 20, 2022 Wednesday, Sep 21, 2022 Thursday, Sep 22, 2022 Friday, Sep 23, 2022 The post Summary 9/19 – 9/23 appeared first on Action Forex.

The focus for the markets this week will be on the FOMC meeting on Wednesday and the BOE meeting on Thursday. Both central banks are expected to high rates. Monday will be the funeral for Read more…

U.S. Highlights CPI inflation surprised to the upside in August, rising 0.1% m/m. The core measure also recorded a sizeable 0.6% m/m gain, as both goods and service categories accelerated on the month. Financial markets Read more…

US Many on Wall Street are watching the Fed’s rate hiking cycle and are getting nervous they will tip the economy into a recession.  With scorching inflation, the FOMC may consider a full-point rate hike Read more…