Range trading continued in EUR/AUD last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support zone. Read more…
EUR/JPY’s decline last week suggests that rebound from 127.36 has completed at 131.59. More importantly, the consolidation pattern from1 34.11 is extend with another falling leg. Initial bias stays on the downside for 127.36 and Read more…
GBP/JPY’s sharp decline last week suggests that rise from 148.94 has completed at 157.74, ahead of 158.19 high. Fall from 157.74 is seen as the third leg of the consolidative pattern from 158.19. Initial bias Read more…
EUR/CHF’s fall last week suggests that corrective rebound from 1.0324 has completed at 1.0510 already. Initial bias remains on the downside this week for 1.0324 first. Firm break there will resume larger down trend from Read more…
It’s not Omicron nor Fed rate hike, but earnings. Bullish investors appeared to have finally gave up after disappointing Netflix report last week. NASDAQ led other major indexes sharply lower, and dragged down cryptocurrencies too. Read more…
Monday, Jan 24, 2022 Tuesday, Jan 25, 2022 Wednesday, Jan 26, 2022 Thursday, Jan 27, 2022 Friday, Jan 28, 2022 The post Summary 1/24 – 1/28 appeared first on Action Forex.
Summary United States: The Housing Market Closes Out a Strong Year The state of the housing market was the predominant theme in what was otherwise a quiet week for economic data. Mounting inflation concerns and Read more…
U.S. Highlights Early signs of the pandemic’s toll on economic activity were evident in softer-than-expected home sales and a deceleration in regional manufacturing surveys. The current soft patch will likely prove temporary, and the broader Read more…
All eyes will be on the Bank of Canada rate decision next week as pressure builds for policymakers to hike rates sooner than previously indicated. We expect the bank to hold off on a change Read more…
This week brings the return of major central bank meetings, with both the Bank of Canada and the FOMC meetings on Wednesday. There has been a lot of talk about rate hikes lately, but is Read more…