The Euro eased below 0.90 handle in early European trading on Thursday, weighed by Wednesday’s 1% drop, as dollar bulls regained traction on comments from Fed policymakers that the central bank is going to continue raising interest rates until price stability will be restored. Weak EU PMI data, released on Tuesday and Wednesday, showed that […]
The post EUR/USD: Double Failure at Parity Raises Risk of Recovery Stall appeared first on Action Forex.
On Friday, 16 May, after markets had closed, Moody’s Ratings announced a downgrade of the long-term sovereign credit rating of the United States from the highest level of Aaa to Aa1. The key reasons cited Read more…
The USD/JPY pair declined for a fifth consecutive day, touching 145.25, as the US dollar faced sustained pressure following Moody’s decision to downgrade the US credit rating. Key drivers affecting USD/JPY On Friday, Moody’s cut Read more…
Daily Pivots: (S1) 192.96; (P) 193.52; (R1) 194.00; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 196.38. Further rise is in favor as long as 190.22 support holds. On Read more…