USD/CAD surged to as high as 1.2879 last week, but retreated ahead of 1.2899 resistance. Initial bias remains neutral this week first and further rise is in favor. On the upside, above 1.2879 should resume Read more…
GBP/JPY dropped to 159.59 last week and recovered. But there was no follow through buying. Initial bias is neutral this week first. In case of another fall as correction from 168.40 extends, downside should be Read more…
EUR/JPY rebounded after dipping to 134.76 but lacked follow through buying. Initial bias is neutral this week first. Consolidation from 139.99 could extend further. But downside should be contained by 38.2% retracement of 124.37 to Read more…
EUR/GBP retreated after hitting 0.8465 last week. Initial bias is neutral this week first. On the upside, above 0.8465 will target 0.8511 resistance. Further break of 0.8511 will reaffirm that 0.8201 is a medium term Read more…
EUR/AUD retreated after edging higher to 1.5053 last week. But downside is contained by 1.4687 so far. Initial bias remains neutral this week first, and further rise is mildly in favor. On the upside, break Read more…
EUR/CHF extended the corrective pattern from 1.0400 with another fall last week, and dipped to 1.0186. As a temporary low was formed there, initial bias is neutral this week first. Another decline cannot be ruled Read more…
You have several options for preparing your taxes. But, which is the best way to prepare and file taxes to get your return done quickly and correctly? Key Takeaways • Preparing taxes by hand requires Read more…
Dollar ended up as the strongest one last week, having the best week since 2015 and with Dollar index hitting a two-decade high. Though, the rally somewhat slowed towards the end of the week. It Read more…
Monday, May 2, 2022 Tuesday, May 3, 2022 Wednesday, May 4, 2022 Thursday, May 5 2022 Friday, May 6, 2022 The post Summary 5/2 – 5/6 appeared first on Action Forex.
Summary In our April International Economic Outlook, we highlighted how China’s commitment to its “Zero-COVID policy is a key theme as well as a major risk to the 2022 global economic outlook. Lockdowns, in our Read more…