EUR/JPY dipped to 129.76 last week but quickly recovered, initial bias is neutral this week first. On the downside break of 129.59 minor support will argue that rebound from 127.36 has completed and turn bias Read more…
EUR/GBP edged lower to 0.8322 last week but turned sideway. Initial bias remains neutral this week first. Upside of recovery should be limited by 0.8417 resistance to bring another decline. On the downside, break of Read more…
EUR/AUD stayed in range of 1.5550/5898 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 Read more…
EUR/CHF’s rebounded from 1.0324 short term bottom extended to 1.0510 last week but retreated since then. Initial bias remains neutral this week first. Another rise cannot be ruled out yet. But upside should be limited Read more…
Strong US inflation reading and hawkish comments from Fed officials were the main theme in the markets last week. While much volatility was seen in the stock markets, major indexes remained rather resilient. Dollar got Read more…
Monday, Jan 17, 2022 Tuesday, Jan 18, 2022 Wednesday, Jan 19, 2022 Thursday, Jan 20, 2022 Friday, Jan 21, 2022 The post Summary 1/17 – 1/21 appeared first on Action Forex.
Summary United States: Not Through with 2021 Just Yet Inflation is intensifying and consumer activity is cooling, data covering the month of December reveal. The Consumer Price Index (CPI) rose 7.0% year-over-year, the fastest increase Read more…
U.S. Highlights Equity markets saw further losses this week, following more hawkish messaging from the Fed. Between Powell and Brainard’s confirmation hearings and other Fed speakers, the signals for a March rate hike are flashing Read more…
After three meetings with NATO and its allies over Ukraine left both sides at an impasse, signals are beginning to emerge that Russia may be ready to invade Ukraine. Will it happen this week? Last Read more…
The US released a host of December economic data this morning, and all missed BIGLY. December Retail Sales was -1.9% MoM vs and expectation of 0% and a lower revised November print to 0.2% MoM. Read more…