Key insights from the week that was. In Australia, the April Monthly CPI Indicator rose 0.8% in the month, leaving annual headline inflation steady at 2.4% – around the mid-point of the RBA’s target band. Being the first month of the quarter, the main updates of interest were on durable goods which are surveyed only […]
The post Cliff Notes: Learning to Live with Uncertainty appeared first on Action Forex.
EUR/USD’s price actions from 1.1572 are seen as a corrective pattern to rally from 1.0176, which might still be extending. On the upside, above 1.1417 will bring retest of 1.1572 first. On the downside, below Read more…
USD/JPY gyrated in range of 142.10/148.64 last week. Initial bias remains neutral this week first. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87. Nevertheless, Read more…
GBP/USD edged higher to 1.3592 last week, but retreated since then. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 1.3389 support holds. Break of 1.3592 will resume larger Read more…