EURJPY has been experiencing a decline in the last few daily sessions after its latest advance paused at the 142.31 region. Although the pair managed to cease its drop, its upside remains capped by the congested region that includes its 50-day simple moving average (SMA) and the upper boundary of the Ichimoku cloud. The momentum […]
The post EURJPY Retreats Below 50-SMA But Retains Bullish Outlook appeared first on Action Forex.
US durable goods orders rose 0.2% mom to USD 286.6B in October, below expectation of 0.4% mom. Ex-transport orders rose 0.1% mom to USD 189.5B, below expectation of 0.2% mom. Ex-defense orders rose 0.4% mom Read more…
US initial jobless claims fell -2k to 213k in the week ending November 23, below expectation of 220k. Four-week moving average of initial claims fell -1k to 217k. Continuing claims rose 9k to 1907k in Read more…
USDJPY extends fresh bearish acceleration into second day and fell 1.1% during Asian / European trading on Wednesday. Increased demand for yen at the end of month as well as end fiscal year was the Read more…