Markets European (core) inflation and Q2 GDP growth topped expectations and keeps the September ECB meeting a very live one but it caught more attention from market watchers than markets themselves. The Fed’s Senior Loan Officer Opinion Survey showed that past rate increases are still working through the economy, curbing both credit demand and supply. […]
The post Aussie Trades on Backfoot Following RBA’s Decision appeared first on Action Forex.
The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…