USD/CAD’s correction from 1.3540 extended lower to 1.3357 last week but recovered since then. Initial bias stays neutral this week first. On the upside, break of 1.3540 will resume the rise from 1.3176. That will Read more…
GBP/JPY’s pull back from 188.90 extended to 185.21 last week but recovered since then. Initial bias remains neutral this week first. Firm break of 187.60 will turn bias to the upside for 188.90. Break there Read more…
While EUR/JPY’s correction from 161.84 extended to 158.06, it drew some support from 158.55 and near term rising channel and rebounded. Initial bias remains neutral this week first. On the upside, firm break of 160.25 Read more…
EUR/GBP edged lower to 0.8512 last week but recovered since then. Initial bias remains neutral this week for some more consolidations. But near term outlook will stay bearish as long as 0.8591 resistance holds. Below Read more…
EUR/AUD’s pull back from 1.6671 extended to as low as 1.6348 last week but rebounded since then. Initial bias remains neutral this week first. On the upside, decisive break of 1.6671 will revive the case Read more…
EUR/CHF’s pull backed from 0.9471 continued last week but lost momentum and turned sideway after hitting 0.9304. Initial bias remains neutral this week first. While another decline cannot be ruled out, downside should be contained Read more…
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Monday, Feb 5, 2024 Tuesday, Feb 6, 2024 Wednesday, Feb 7, 2024 Thursday, Feb 8, 2024 Friday, Feb 9, 2024 The post Summary 2/5 – 2/9 appeared first on Action Forex.
U.S. Highlights The Federal Reserve opted to hold rates steady in their first decision of the year in order to give themselves more time to assess the sustainability of current disinflation trends. Employment gains in Read more…
Summary United States: A March Rate Cut Bites the Dust It was a busy week for economic data, but Friday’s employment report stole the show. Nonfarm payrolls rose 353K in January, almost double the consensus Read more…