USD/CAD edged higher 1.3699 last week but turned sideway again. Initial bias remains neutral this week first. The favored case is still that correction from 1.3976 has completed at 1.3224. Above 1.3699 will resume the Read more…
Range trading continued in GBP/JPY last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, break of 164.02 should resume the whole fall from 172.11 through 163.02 support. Nevertheless, Read more…
EUR/JPY recovered last week but stays well inside near term falling channel. Initial bias remains neutral this week and further decline is in favor. Break of 140.75 will resume the choppy fall from 148.38. However, Read more…
EUR/GBP turned into sideway consolidations last week. Initial bias stays neutral this week first and further decline is expected with 0.8674 resistance intact. Break of 0.8545 will resume the fall from 0.9267, and target 61.8% Read more…
EUR/AUD edged higher to 1.5747 last week but failed to sustain above 1.5704 resistance and retreated. Initial bias remains neutral this week first. But further rally is expected as long as 1.5271 support holds. On Read more…
EUR/CHF extended the sideway consolidation from 0.9953 last week and outlook is unchanged. Initial bias stays neutral this week first. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to Read more…
Trading in the markets was rather subdued last week. Canadian Dollar was an exception, as it was pressured by falling oil price and a dovish BoC hike. The Loonie just closed marginally higher against Yen, Read more…
Monday, Dec 12, 2022 Tuesday, Dec 13, 2022 Wednesday, Dec 14, 2022 Thursday, Dec 15, 2022 Friday, Dec 16, 2022 The post Summary 12/12 – 12/16 appeared first on Action Forex.
Last week, the RBA and the BoC both raised rates as they try and get a handle on inflation. This week is sure to be one of the busiest weeks of the year as no Read more…
U.S. Highlights Somewhat unexpectedly, the ISM services index accelerated in November, with the business activity sub-index expanding to a level last seen in 2021. The services sector continues to struggle with elevated inflation as the Read more…