EUR/GBP’s rally accelerated further to as high as 0.8933 last week. Initial bias stays on the upside this week. Current up trend from 0.8201 should target long term fibonacci level at 0.9003 next. On the Read more…
EUR/AUD turned into consolidation below 1.4965 last week. Initial bias remains neutral this week first. Further rally is in favor a long as 1.4663 minor support holds. On the upside, break of 1.4965 will resume Read more…
EUR/JPY’s decline from 145.62 accelerated lower last week. Initial bias is mildly on the downside this week with focus on 138.38 support turned resistance. Firm break there will raise the chance of larger reversal and Read more…
GBP/JPY’s sharp decline and break of 155.57 support suggests medium term topping at 169.10. That came after multiple rejection by long term fibonacci level at 167.93. Initial bias remains on the downside this week for Read more…
It’s such a week of surprises. The biggest one was probably the free fall in Sterling, as markets reaction to the “mini-budget” of the new UK government was overwhelmingly negative. Commodity currencies and Euro were Read more…
The cruise line has slowly been sharing information about its secretive new ship that will be the first of its class. Royal Caribbean International (RCL) – Get Royal Caribbean Group Report has drawn out the Read more…
The richest man in the world has just made a move that could change the game in Tehran. Elon Musk continues to move the lines defining the role of a CEO. The richest man in Read more…
Monday, Sep 26, 2022 Tuesday, Sep 27, 2022 Wednesday, Sep 28, 2022 Thursday, Sep 29, 2022 Friday, Sep 30, 2022 The post Summary 9/26 – 9/30 appeared first on Action Forex.
Last week, there were some major events that created quite a bit of volatility. The most important events were the FOMC interest rate hike of 75bps to bring the Fed Funds rate to 3.25%, the Read more…
US Now that Wall Street has had some time to digest the FOMC decision, the focus shifts to how quickly the economy is weakening and a wave of Fed speak. A wide range of economic Read more…