EUR/JPY rose further last week but failed to break through 144.23 resistance. Subsequent retest was supported support by 4 hour 55 EMA. Initial bias is neutral this week first. On the upside, decisive break of Read more…
EUR/GBP stayed in range of 0.8848/8720 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rise is expected as long as 0.8484 support holds. Break of 0.8720 and sustained trading Read more…
EUR/AUD rose further to 1.5343 last week but retreated ahead of 1.5354 support turned resistance. Initial bias is neutral this week first. On the upside, sustained break of 1.5354 will indicate medium term bottoming at Read more…
EUR/CHF’s fall from 1.0512 extended lower last week after brief consolidations. Initial bias stays on the downside this week for retesting 0.9970 low. Decisive break there will resume larger down trend. On the upside, however, Read more…
The forex markets were rather mixed last week. Yen ended as the worst performer, but Swiss Franc was the best. Canadian Dollar rose against all but Franc, while Aussie and Kiwi were weak. Euro was Read more…
Monday, Jun 27, 2022 Tuesday, Jun 28, 2022 Wednesday, Jun 29, 2022 Thursday, Jun 30, 2022 Friday, Jul 1, 2022 The post Summary 6/27 – 7/1 appeared first on Action Forex.
Summary United States: The Housing Market Begins to “Reset” Fed Chair Powell presented the Federal Reserve’s semiannual Monetary Policy report to Congress this week. In his testimony, he acknowledged that tightening monetary policy in order Read more…
Canadian GDP likely continued its upward climb in April. We expect output to have risen 0.3% in the month, slightly more than Statcan’s initial 0.2% estimate a month ago. We look for a similar gain Read more…
U.S. Highlights Existing home sales fell 3.4% in May, extending the losing streak to four months. The months’ supply of inventory recorded an uptick, rising to 2.6. This was up from 2.2 months in April Read more…
As a result of inflation and manufacturing data, fears started creeping into the markets of the dreaded “R” word – Recession. OPEC+ meets this week on Wednesday and Thursday to discuss whether it should increase Read more…