Hawkish comments from ECB President Christine Lagarde and weaker PMI data from the UK have helped push EUR/GBP back towards recent highs. Yesterday, Christine Lagarde’s blog regarding monetary policy normalization in the Euro Area gave the Euro a lift. In summary, she discussed how she expects the ECB to end asset purchases early in Q3, […]
The post Lagarde Comments, Poor UK PMIs Give EUR/GBP a Lift appeared first on Action Forex.
USD/JPY’s up trend from 139.87 resumed by breaking through 159.44 last week. Initial bias remains on the upside this week for retesting 161.94 high first. Firm break there will confirm larger up trend resumption and Read more…
After initial rebound, GBP/USD’s fall from 1.3867 resumed by breaking through 1.3252. Initial bias remains on the downside this week for 1.3008 structural support. Firm break there will carry larger bearish implication and target 1.2524 Read more…
USD/CHF’s rally from 0.7603 extended higher last week. The strong break of 55 D EMA (now at 0.7817) suggests that it’s already corrective whole down trend from 0.9200. Initial bias is on the upside this Read more…