GBP/JPY retreated after edging higher to 188.26 last week. Initial bias stays neutral this week for consolidations first. But near term outlook will remain bullish as long as 184.44 support holds. Break of 188.63 will Read more…
EUR/JPY’s fall from 164.29 resumed last week and accelerated to as low as 159.63. Breach of 159.75 resistance turned support suggests that it’s already corrective the whole rise from 139.05. Initial bias remains on the Read more…
EUR/GBP’s fall from 0.8764 accelerated to as low as 0.8557 last week. The development suggests that rebound from 0.8491 has completed as a corrective move at 0.8764. Initial bias stays on the downside this week Read more…
EUR/AUD’s decline from 1.7062 resumed by diving through 1.6319 support last week. Initial bias stays on the downside this week for 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 next. On the upside, Read more…
EUR/CHF’s steep decline last week indicates that rebound from 0.9416 has completed at 0.9683 already, after rejection by 0.9691 cluster resistance. Initial bias stays on the downside this week for retesting 0.9407/16 support zone. Decisive Read more…
Monday, Dec 4, 2023 Tuesday, Dec 5, 2023 Wednesday, Dec 6, 2023 Thursday, Dec 7, 2023 Friday, Dec 8, 2023 The post Summary 12/4 – 12/8 appeared first on Action Forex.
U.S. Highlights A second reading on U.S. GDP showed that the economy expanded by an even more impressive 5.2% (annualized) last quarter, a 0.3 percentage point upgrade from the initial reading. Government spending and business Read more…
Summary United States: Inflation Takes Another Leg Lower The U.S. data this week signaled that the economic expansion remains intact even as inflation continues to slow. The year-ago rates of headline and core PCE inflation Read more…
Following four long years of anticipation and enthusiasm from electric car fanatics, the final production version of its futuristic Cybertruck has been revealed to the public during its event on Nov. 30. Related: Here are Read more…
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Friday, December 1st. Full Video Transcript Below: J.D. DURKIN: I’m J.D. Durkin, reporting from Read more…