EUR/GBP’s break of 0.8570 support confirmed resumption of whole decline from 0.9267. Initial bias stays on the downside this week for 61.8% projection of 0.9267 to 0.8647 from 0.8827 at 0.8444 next. On the upside, Read more…
It’s perhaps the most-visible construction on the Strip right now and its owners face some major money issues. Nothing in Las Vegas actually exists until the doors open. That’s a lesson learned over time as Read more…
EUR/AUD stayed in consolidation from 1.5704 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another fall, downside should be contained by 55 day EMA (now at 1.5327) Read more…
Sideway consolidation continued in EUR/CHF 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 1.0072 fibonacci Read more…
After a wild period before and after the official purchase of Twitter, the company’s new CEO settles on a request he has of the microblogging site’s users. It’s been just over a month since Elon Read more…
It was a long dark period for the cruise industry from March 2020 through July 2021. Michael Bayley talks about what that time was like. For about 16 months, the entire cruise industry sat in Read more…
The tone of the markets was well set by Fed Chair Jerome Powell’s indication of smaller rate hike in the upcoming FOMC meeting. The biggest reactions were found in treasury yields, which decline was surprisingly Read more…
In the U.S., a primary dealer serves as a counterparty to the Federal Reserve in selling and buying Treasuries. Canva What Is a Primary Dealer? A primary dealer is a financial institution, usually a commercial Read more…
Monday, Dec 5, 2022 Tuesday, Dec 6, 2022 Wednesday, Dec 7, 2022 Thursday, Dec 8, 2022 Friday, Dec 9, 2022 The post Summary 12/5 – 12/9 appeared first on Action Forex.
Last week had strong volatility with Powell’s less hawkish (dovish?) speech at the Brookings Institute on Wednesday and Non-Farm Payrolls from the US on Friday. Will the excitement continue this week? The news for the Read more…