It has been a relatively quiet week in the currency markets, and the limited activity has continued today, with the euro unchanged. German consumer confidence drops Germany, the bellwether for the eurozone, continues to churn out weak numbers, raising concerns that the bloc could be headed toward a recession. German ifo Business Climate dipped to […]
The post Euro Drifting as German Confidence Dips appeared first on Action Forex.
Germany’s GfK Consumer Climate for May fell sharply from -28.1 to -33.3, marking its lowest level since February 2023 and signaling further deterioration in household sentiment. The decline reflects mounting pressure on consumers as inflation Read more…
Daily Pivots: (S1) 159.13; (P) 159.49; (R1) 159.73; More… Range trading continues in USD/JPY and intraday bias remains neutral for the moment. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to Read more…
Daily Pivots: (S1) 0.7837; (P) 0.7858; (R1) 0.7870; More…. Intraday bias in USD/CHF remains neutral for the moment. Further decline is expected as long as 0.7933 resistance holds. On the downside, sustained break of 61.8% Read more…