The EUR/USD pair advanced for a third consecutive session on Tuesday, climbing towards 1.1772 USD. Growing concerns about a cooling US labour market are reinforcing expectations of a Federal Reserve rate cut, weighing on the dollar. Investors are particularly focused on the upcoming revised employment data for the period from April 2024 to March 2025. […]
The post EUR/USD Holds Firm as Upcoming Data Threatens the Dollar appeared first on Action Forex.
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Key Highlights EUR/USD extended losses and traded below 1.1480. A key bearish trend line is forming with resistance at 1.1550 on the 4-hour chart. GBP/USD also declined further and traded below 1.3320. Crude oil prices Read more…
China’s economic activity showed a stronger-than-expected start to 2026, with key indicators rebounding in the January–February period. Industrial production rose 6.3% yoy, well above market expectations of 5.1%. Retail sales increased 2.8% yoy, also beating Read more…