GBP/JPY’s rise from 163.02 lost momentum ahead of 169.07 minor resistance last week. Initial bias stays neutral this week first. On the upside, break of 169.07 resistance will argue that larger up trend is ready Read more…
EUR/JPY extended the corrective pattern from 148.38 last week and outlook is unchanged. Initial bias is neutral this week first. On the upside, above 146.12 minor resistance will bring stronger rally back to retest 148.38 Read more…
EUR/GBP could break through 0.8570 support despite last week’s decline. Immediate focus remains on this support this week. Firm break there will resume the fall from 0.9267 and target 61.8% projection of 0.9267 to 0.8570 Read more…
EUR/AUD was still bounded in consolidation from 1.5704 last week and outlook is unchanged. Initial bias stays neutral this week first. In case of another fall, downside should be contained by 55 day EMA (now Read more…
EUR/CHF’s recovery faltered well below 0.9953 resistance last week, and extended near term sideway trading. Initial bias stays neutral this week first. On the upside, firm break of 0.9953 resistance will resume larger rally from Read more…
The expectations of a smaller Fed hike in December was affirmed by FOMC minutes last week. Dollar ended as the worst performer, following mild risk-on sentiment. Canadian Dollar was the second worst as dragged down Read more…
Monday, Nov 28, 2022 Tuesday, Nov 29, 2022 Wednesday, Nov 30, 2022 Thursday, Dec 1, 2022 Friday, Dec 2, 2022 The post Summary 11/28 – 12/2 appeared first on Action Forex.
Last week was a bit slower than usual due to the US Thanksgiving holiday, but the RBNZ was still able to sneak in a hawkish 75bps rate hike! Unrest at China’s iPhone factory and continued Read more…
U.S. Highlights Minutes from the November FOMC meeting showed a sizeable majority of members were receptive to the idea of slowing the pace of rate hikes in the near-term. New home sales jumped 7.5% month-on-month Read more…
US Wall Street returns after the Thanksgiving holiday and what a week we have in store. The jobs report on Friday is the obvious highlight, with Fed policymakers keen to see further signs of inflationary Read more…