GBP/JPY’s up trend resumed last week by breaking through 188.26. Initial bias stays on the upside this week for 61.8% projection of 180.74 to 188.26 from 184.44 at 189.08 first. Break will target 100% projection Read more…
EUR/JPY’s retreat from 164.29 finished at 161.22 and recovered since then. Initial bias stays mildly on the upside this week for retesting 164.29 first. Firm break there will resume larger up trend. On the downside, Read more…
EUR/GBP’s extended fall last week indicates short term topping at 0.8764, on bearish divergence condition in 4H MACD. Initial bias is now on the downside this week for 0.8648 support. Decisive break there will argue Read more…
EUR/AUD’s fall from 1.6844 extended lower last week and the development argues that rebound from 1.6449 has completed already. Further decline is now expected this week as long as 1.6694 resistance holds. Firm break of Read more…
EUR/CHF failed to break through 0.9691 resistance last week and retreated. But it then recovered after brief dip to 0.9617. Initial bias stays neutral this week for more consolidations. Further rally is still expected and Read more…
U.S. Highlights Minutes from the Federal Open Market Committee (FOMC) meeting reinforced the Fed’s messaging that patience is warranted while the disinflation process is working. Existing home sales sag as high prices and financing costs Read more…
Canadian GDP likely edged lower in Q3 – we expect at a -0.5% (annualized) decline that would be slightly softer than the preliminary -0.1% estimate from Statistics Canada a month ago. Preliminary GDP estimates are Read more…
Monday, Nov 27, 2023 Tuesday, Nov 28, 2023 Wednesday, Nov 29, 2023 Thursday, Nov 30, 2023 Friday, Dec 1, 2023 The post Summary 11/27 – 12/1 appeared first on Action Forex.
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. It’s finally time for the biggest sale of the year — Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. There’s no better feeling than stepping out of the shower and Read more…