USD/CAD dropped to 1.2586 last week but quickly rebounded. Near term outlook is turned mixed for now, and initial bias is neutral this week first. On the upside, break of 1.2876 will resume the rally Read more…
GBP/JPY’s fall from 158.04 continued last week and hit as low as 151.44. Initial bias stays on the downside this week for 148.94 support next. On the upside, break of 155.20 resistance is needed to Read more…
EUR/JPY dropped sharply to as low as 125.06 last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 121.94 medium term fibonacci level. On the upside, Read more…
EUR/GBP’s dropped to as low as 0.8229 last week and there is no sign of bottoming yet. Initial bias stays on the downside this week first. Firm break of 100% projection of 0.8476 to 0.8304 Read more…
EUR/AUD dropped to as low as 1.5583 last week and the strong break of 1.5250 confirmed resumption of larger down trend from 1.9799. Initial bias stays on the downside this week for next target at Read more…
Enlarge (credit: Elena Lacey | Getty Images) On Thursday, hackers defaced a Russian Space Research Institute website and leaked files that they allege are stolen from Roscosmos, the Russian space agency. Their message? “Leave Ukraine Read more…
EUR/CHF’s down trend accelerated to as low as 1.0016 last week, just ahead of parity. Initial bias stays on the downside this week for 100% projection of 1.0936 to 1.0298 from 1.0610 at 0.9972. There Read more…
Russia invasion of Ukraine continued last week and risk aversion intensified sharply after Russia’s attempt to attack Zaporizhzhia nuclear power station. European stocks took a steep dive with benchmark yields. Oil prices surged to levels Read more…
Monday, Mar 7, 2022 Tuesday, Mar 8, 2022 Wednesday, Mar 9, 2022 Thursday, Mar 10, 2022 Friday, Mar 11, 2022 The post Summary 3/7 – 3/11 appeared first on Action Forex.
Summary United States: The U.S. Economy Had Solid Momentum Ahead of Russia’s Invasion February’s employment data showed the economy had strong momentum ahead of Russia’s invasion of Ukraine and amid the Fed’s shift to a Read more…