USD/CAD’s fall from 1.3075 extended lower last week. Initial bias remains on the downside this week for 1.2401 support. Decisive break there will argue that whole rebound from 1.2005 has completed, after rejection by 1.3022 Read more…
GBP/JPY’s rebound from 155.57 extended higher last week. Initial bias remains on the upside this week for retesting 168.40 high. Firm break there will resume larger up trend. On the downside, below 160.92 minor support Read more…
EUR/JPY rose to as high as 140.36 last week and the break of 139.99 resistance should confirm up trend resumption. Initial bias stays on the upside this week for 61.8% projection of 124.37 to 139.99 Read more…
EUR/GBP stays in sideway trading below 0.8617 last week and outlook is unchanged. Initial bias stays neutral this week first. With 0.8365 support intact, further rise is in favor. On the upside, break of 0.8617 Read more…
EUR/AUD dropped further to 1.4774 last week but recovered since then. Initial bias is turned neutral this week first. Deeper fall will remain in favor as long as 1.4965 minor resistance holds. Corrective rebound from Read more…
EUR/CHF edged lower to 1.0216 last week, but recovered quickly since then. Initial bias is neutral this week first. Further fall is in favor as long as 1.0349 resistance holds. Break of 1.0216 support will Read more…
It’s another poor week for Yen following the rally in benchmark treasury yields in US and Europe. It should be noted again that BoJ has a 0.25% cap on 10-year JGB yield, and thus, gaps Read more…
Monday, Jun 6, 2022 Tuesday, Jun 7, 2022 Wednesday, Jun 8, 2022 Thursday, Jun 9, 2022 Friday, Jun 10, 2022 The post Summary 6/6 – 6/10 appeared first on Action Forex.
Summary United States: Economic Storm Clouds or Just a Brisk Inflationary Headwind? Nonfarm payroll growth exceeded expectations in May, with employers adding 390,000 jobs. The unemployment rate was unchanged at 3.6%, but labor force growth Read more…
U.S. Highlights The U.S. economy continued to add jobs in May, though at a slower pace than in the previous month. The unemployment rate held steady at 3.6% and the labor force participation rate edged Read more…