Sentiment in Asia was mixed today. Most markets have turned cautious ahead of the central bank bonanza this week. At the same time Hong Kong stocks tumble deeply, as led by Chinese tech giants. In the currency markets, Australia Dollar is currently leading commodity currencies lower. Yen is the slightly stronger one while European majors […]
The post Markets Turning Cautious; Fed, ECB and BoE ahead, With Lots of Data appeared first on Action Forex.
On January 6, while analysing the XBR/USD chart, we: → constructed an upward structure using blue trend lines; → highlighted the potential for a pullback after the formation of peaks A and B around the Read more…
Daily Pivots: (S1) 1.4354; (P) 1.4401; (R1) 1.4425; More… USD/CAD dips ahead of 1.4466 resistance as consolidations pattern from there extends. Intraday bias remains neutral first. Break of 1.4279 support will bring further correction. But Read more…
Speculation surrounding the incoming US administration’s tariff strategy continues to rattle global markets. Reports suggest that President-elect Donald Trump’s economic team is exploring a phased approach to tariffs, gradually increasing rates by 2% to 5% Read more…