The US dollar retreats as traders take profits over a crowded trade. The RSI’s oversold situation on the daily chart shows exhaustion past parity and the dollar could use some breathing room. As the bias remains down traders may look for a higher sell point. A bullish RSI divergence suggests a slowdown in the sell-off […]
The post EUR/USD Attempts to Rebound appeared first on Action Forex.
Australia’s labor market delivered a strong upside surprise in April, with employment rising by 89k, sharply above expectations of 20.9k. Full-time jobs accounted for 59.5k of the gain, while part-time employment rose by 29.5k. Unemployment Read more…
At an event overnight, San Francisco Fed President Mary Daly said Fed is in a “good position” to respond to evolving conditions and uncertainties. She emphasized, “patience is the word of the day,” “We’ve got Read more…
Key Highlights WTI Crude Oil prices started a recovery wave above the $60.00 level. A connecting bullish trend line is forming with support at $61.90 on the 4-hour chart. Gold prices dipped below the $3,300 Read more…