GBP/JPY rebounded after initial dip to 190.02 but failed to break through 193.51 resistance. Initial bias remains neutral this week for more consolidations. On the upside, break of 193.51 will resume larger up trend to Read more…
EUR/JPY rebounded after initial dip to 162.59 but failed to break through 165.33 resistance. Initial bias remains neutral this week first and more range trading could be seen. On the upside, firm break of 165.33 Read more…
EUR/GBP remains bounded in range last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has Read more…
EUR/AUD dipped to 1.6412 last week but recovered since then. Initial bias remains neutral this week first. On the downside, break of 1.6412 and sustained trading below 1.6439 support will argue that whole rebound from Read more…
EUR/CHF’s up trend extended to 0.9847 last week but retreated since then. Initial bias is turned neutral this week for consolidation first. But near term outlook will stay bullish as long as 0.9709 support holds. Read more…
Monday, Apr 8, 2024 Tuesday, Apr 9, 2024 Wednesday, Apr 10, 2024 Thursday, Apr 11, 2024 Friday, Apr 12, 2024 The post Summary 4/8 – 4/12 appeared first on Action Forex.
U.S. Highlights Treasury yields shot higher this week, as expectations for a June rate cut fell. The U.S. economy had another strong month of hiring in March – adding 303k jobs – while the unemployment Read more…
Summary United States: Strong Jobs Numbers Diminish Urgency for Rate Cuts Nonfarm payrolls expanded 303K in March, surpassing all estimates submitted to Bloomberg. The continued strength in hiring suggests less urgency for policymakers at the Read more…
The Bank of Canada is widely expected to leave interest rates unchanged for a sixth consecutive policy decision on Wednesday. We expect the wording of the policy statement to leave options open for how long Read more…
Another day, and it seems like Tesla’s (TSLA) Cybertruck cannot catch a break. Whether it is rusty surfaces, a potentially dangerous headlight design, or its inflated resale value, almost all the aespects stainless-steel truck has Read more…