The euro has stabilized on Friday, after a dreadful Thursday in which EUR/USD fell 1.26%. Russian announces sanctions The euro continues to struggle and is trading at lows last seen in January 2017. The Ukraine war has taken a bite out of the eurozone economy and sent the euro tumbling. The latest development weighing on […]
The post Euro Under Pressure, Falls Below 1.04 appeared first on Action Forex.
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…
Gold slipped back below 5,000 psychological level in Asian trading today, and the decline reveals an unusual dynamic dominating markets in 2026: escalating war is failing to lift Gold. Despite intensifying conflict involving the U.S., Read more…