Category: Cryptocurrencies

EUR/GBP dropped further to 0.8333 last week but turned sideway since then. Initial bias is neutral this week first for some consolidations. Outlook stays bearish as long as 0.8417 resistance holds. Break of 0.8333 will Read more…

EUR/AUD rebounded notably last week but stayed below 1.5898 resistance. Initial bias remains neutral this week first. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support zone. On Read more…

EUR/CHF’s strong rebound last week suggests that a short term bottom was already formed at 1.0324, on bullish convergence condition in 4 hour and daily MACD. Initial bias is now on the upside this week Read more…

It was a roller coaster ride as traders came back for the new year. Markets were in full risk-on mode as worries over Omicron faded. Yet, sentiment turned after more hawkish than expected FOMC minutes. Read more…

Monday, Jan 10, 2022 Tuesday, Jan 11, 2022 Wednesday, Jan 12, 2022 Thursday, Jan 13, 2022 Friday, Jan 14, 2022 The post Summary 1/10 – 1/14 appeared first on Action Forex.

Summary United States: Strong Momentum Prior to Omicron, Despite December’s Soft Payroll Print The Fed’s more hawkish tone in December’s FOMC minutes set the tone for financial markets this week, overshadowing the record surge in Read more…

U.S. Highlights The U.S. economy kicked off the New Year with an unprecedented surge in COVID-19 cases. While a return to lockdowns is not expected, rising cases could lead to greater absenteeism, as workers self-isolate Read more…

A quiet economic calendar for Canada next week will keep the focus on virus developments. Provincial governments have re-introduced measures to slow virus spread, including mandated closures of high-contact services like restaurant dining rooms and Read more…

A welcome distraction It’s been quite the start to the year, with omicron fears subsiding only to be replaced by interest rate anxiety once more. This could be the theme for the coming months, as Read more…