The Euro edged higher on Wednesday morning, underpinned by weaker dollar on the latest remarks from Fed chief Powell which markets saw as more dovish and contributing to strong expectations for two rate cuts by the end of the year. Fresh gains penetrated daily cloud (spanned between 1.1610 and 1.1686) and attempt to break above […]
The post EUR/USD: Fresh Recovery Needs to Close Above Daily Cloud to Brighten Near-Term Outlook appeared first on Action Forex.
Daily Pivots: (S1) 157.35; (P) 157.63; (R1) 158.18; More… USD/JPY fell sharply after reject below 55 4H EMA (now at 158.06). The decline from 160.71 high is resuming and intraday bias is back on the Read more…
The market narrative has flipped again—and this time the reversal is dramatic. Just days after investors were positioning for a dangerous escalation in the Strait of Hormuz, traders are suddenly rushing back into risk assets Read more…
Key takeaways Risk-on rally driven by easing geopolitics: Cooling US–Iran tensions and lower oil prices have reduced risk premiums, lifting global equities to record highs—led by the S&P 500 and Nasdaq 100. AI-led earnings momentum Read more…