Market movers today The final Eurozone inflation data for May will provide more details as we get more sub components in this release. In the US we get data on industrial production as well as the leading indicator from Conference Board. Industrial production has been robust but the leading indicator dropped 0.3% m/m in April […]
The post Hikes from BoE and SNB While BoJ Sticks to Dovish Stance appeared first on Action Forex.
EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week Read more…
GBP/USD’s rise from 1.3158 resumed last week but a temporary top should be formed after hitting 1.3657. Initial bias is turned neutral this week for consolidations first. Further rally is expected as long as 1.3453 Read more…