Month: May 2024

EUR/GBP fell to as low as 0.8498 last week but recovered just ahead of 0.8491/7 support zone. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as Read more…

EUR/AUD’s extended rebound last week suggests short term bottoming at 1.6211, on bullish convergence condition in 4H MACD. Intraday bias stays mildly on the upside this week. Sustained trading above 55 D EMA (now at Read more…

EUR/CHF’s rally continued last week despite some brief interim retreat. Initial bias is now on the upside this week. Current rise from 0.9252 should target 100% projection of 0.9304 to 0.9847 from 0.9563 at 1.0106, 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. Summer might still be a month away, but many parts of Read more…

Monday, May 27, 2024 Tuesday, May 28, 2024 Wednesday, May 29, 2024 Thursday, May 30, 2024 Friday, May 31, 2024 The post Summary 5/27 – 5/31 appeared first on Action Forex.

U.S. Highlights U.S. equity markets briefly touched a new all-time high mid-week, while measures of market volatility dipped to multi-year lows. Minutes from the April 30th-May 1st FOMC meeting struck a more hawkish tone, resulting Read more…

Summary United States: High Mortgage Rates Burden Homebuyers Homebuying retreated in April following a leg up in mortgage rates. Meanwhile, durable goods orders surprised to the upside, suggesting the manufacturing industry is on better footing. 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. Memorial Day marks the unofficial start of summer, but for many, Read more…