Category: Cryptocurrencies

EUR/AD recovered to 1.4940 last week but retreated since then. Initial bias is neutral this week work. It’s seen as extending the consolidation pattern from 1.4561 and more sideway trading could be seen. But after Read more…

EUR/CHF stayed in range of 1.0184/0400 last week and outlook is unchanged. Initial bias remains neutral first and more sideway trading could be seen. On the upside, break of 1.0400 will resume the rebound from Read more…

There were a couple of developments of last week to note. Firstly, US yield curve inverted for the first time since 2019. There is no reason to panic for the moment, but deeper inversion could Read more…

Monday, Apr 4, 2022 Tuesday, Apr 5, 2022 Wednesday, Apr 6, 2022 Thursday, Apr 7, 2022 Friday, Apr 8, 2022 The post Summary 4/4 – 4/8 appeared first on Action Forex.

Summary United States: Soaring Price Gauges Turn Up the Pressure on the Fed The Fed’s difficult job got harder this week. Its preferred inflation gauge set another fresh 40-year record high, while the ISM prices Read more…

U.S. Highlights Another solid jobs report showed that the U.S. economy added 431k jobs in March. Wage growth picked up and the unemployment rate fell 0.2 percentage points to 3.6%. President Biden presented a $5.8 Read more…

With the Bank of Canada weighing how quickly to raise interest rates, all eyes will be on next week’s Business Outlook Survey (BOS) and the March Canadian jobs report. We expect a 50,000 increase in Read more…

The RBA Interest Rate Decision meeting on Tuesday. Will the RBA be ready to give up its dovishness and signal that hikes may be sooner than they had anticipated? In addition, the headlines continued last Read more…

Are investors right to be optimistic? As we head into the second quarter, it seems the list of economic concerns is growing rather than shrinking and yet equity markets find themselves in a very comfortable Read more…