The Euro continues to trend higher for the fifth straight day, with extension of Thursday’s post-ECB 1.2% rally, pressuring key 1.1500 resistance zone (Jan 14 lower top / 200WMA). The single currency was boosted by more hawkish that expected ECB and change in the central bank’s narrative, while Swiss National Bank’s intervention also helped and […]
The post EUR/USD Outlook: Post-ECB Bullish Acceleration Pressures Key 1.1500 Resistance Zone appeared first on Action Forex.
Australia’s Wage Price Index rose by 0.9% qoq in Q1, slightly above market expectations of 0.8% qoq. Public sector saw a stronger 1.0% qoq gain, outpacing the 0.9% qoq rise in private sector. On an Read more…
Japan’s PPI rose 4.0% year-on-year in April, easing slightly from 4.3% yoy in March and matching market expectations. Despite the modest slowdown, the index climbed to a fresh record high of 126.3, marking the eighth Read more…
Key Highlights Ethereum rallied over 25% and cleared the $2,500 resistance. ETH surpassed a key bearish trend line with resistance at $1,820 on the daily chart. Bitcoin price also rallied and surpassed the $102,500 resistance. Read more…