The Euro extends higher in early Thursday as the risk sentiment was boosted by comments from Fed Powell who signaled a lower pace of rate hikes in the near future. The single currency keeps firm tone following Wednesday’s 0.76% advance, underpinned by stronger than expected easing in inflation and slight improvement Eurozone manufacturing sector. Daily […]
The post EUR/USD: Euro Keeps Firm Tone on Weaker Dollar, Improved Economic Data appeared first on Action Forex.
The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…