EUR/AUD’s down trend resumed by breaking through 1.6211 support last week. While downside momentum is a bit unconvincing, there is no sign of bottoming yet. Initial bias is on the downside this week for 61.8% Read more…
EUR/CHF’s sharp decline last week suggests that rise from 0.9252 has already completed at 0.9928 already. Initial bias stays on the downside this week. Sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 Read more…
Global financial markets were abuzz with several high-profile events last week, including critical meetings of Fed and BoJ, alongside release of US inflation data. However, it was the escalating political turmoil in France that captured Read more…
Monday, Jun 17, 2024 Tuesday, Jun 18, 2024 Wednesday, Jun 19, 2024 Thursday, Jun 20, 2024 Friday, Jun 21, 2024 The post Summary 6/17 – 6/21 appeared first on Action Forex.
U.S. Highlights In a widely expected move, the Federal Reserve held the policy rate steady in the target range of 5.25%-5.5%. FOMC participants now expect fewer rate cuts this year, with the median projection showing Read more…
Summary United States: Inflation Cools as Summer Begins A bevy of soft inflation data for May fueled optimism that the Federal Reserve will begin cutting rates at the September FOMC meeting. On Wednesday, the May Read more…
Economic data in the week ahead should show further softening in Canadian (per-person) household spending before the Bank of Canada pivoted to lower interest rates in June. Early reports from regional real estate boards suggested Read more…
The 2024 NBA Finals have been uneventful. The Boston Celtics hold a 3-0 lead in the series, and have led by at least 14 points in each of the three games. While the Mavericks have Read more…
TheStreet’s Conway Gittens brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Friday, June 14. Related: Struggling housing market has a major problem Full Video Read more…
The restaurant industry has suffered from financial distress since the Covid-19 pandemic in 2020 shut down many establishments for months with some closing permanently. The financial problems restaurants faced forced many to file for Chapter Read more…