USD/CAD rebounded strongly last week but failed to break through 1.3540 resistance decisively. Initial bias remains neutral this week for more consolidations first. Further rise is mildly in favor as long as 1.3357 support holds. Read more…
GBP/JPY’s rise last week indicates that pull back from 188.90 has completed at 185.21 already. Initial bias remains on the upside this week. Decisive break there will confirm larger up trend resumption. Next near term Read more…
EUR/JPY’s rebound last week suggests that corrective pull back from 161.84 has completed at 158.06 already. Initial bias remains on the upside for 161.84 resistance first. Firm break there will rebound whole rise from 153.15 Read more…
EUR/GBP stayed in consolidation above 0.8512 last week and outlook is unchanged. Initial bias remains neutral this week first. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.8591 resistance Read more…
EUR/AUD stayed in consolidation in range of 1.6348/6671 last week and outlook is unchanged. Initial bias stays neutral this week first. On the upside, decisive break of 1.6671 will revive the case that whole correction Read more…
EUR/CHF’s rebound last week suggests that pull back from 0.9471 has completed at 0.9304 already. Initial bias remains on the upside this week for 0.9471. Firm break there will resume whole rebound from 0.9252 to Read more…
So, you just got your Apple Vision Pro and are ready to watch the biggest sporting event of the year on your new Spatial Computer. I can’t blame you; I’ve spent the better part of Read more…
Monday, Feb 12, 2024 Tuesday, Feb 13, 2024 Wednesday, Feb 14, 2024 Thursday, Feb 15, 2024 Friday, Feb 16, 2024 The post Summary 2/12 – 2/16 appeared first on Action Forex.
U.S. Highlights The ISM Services index, which was on the cusp of falling into contractionary territory in December, improved notably in January, rising 2.9 points to 53.4. The one blemish to the report was a Read more…
Summary United States: Growth Still Solid, but Slowdown on the Horizon The ISM services index shot higher into expansion territory during January, which is the latest piece of evidence that economic growth is still firmly Read more…