The post Eco Data 9/13/22 appeared first on Action Forex.
TL;DR: Brent crude gapped sharply lower to $85.50 as US and Iran refrained from further strikes over the weekend, but shipping data from the Strait of Hormuz and Bab el-Mandeb shows the physical supply crisis Read more…
Key Highlights EUR/USD started a fresh decline from the 1.1475 resistance zone. A bearish trend line is forming with resistance at 1.1405 on the 4-hour chart. GBP/USD trimmed most gains and traded below 1.3400. WTI Read more…
The Japanese yen weakened toward 164 against the U.S. dollar, its lowest level in around 40 years. Middle East tensions supported the dollar, while concerns about Japan’s finances and the large gap between U.S. and Read more…