Markets All eyes were on PMI business confidence for May today. In a context where concerns about growth going forward rise by the day, they provide much-appreciated guidance. For Europe, the fall-out of the war, high inflation and general uncertainty remains contained. The composite PMI eased from 55.8 to 54.9. Underneath though, the sectoral divergence […]
The post Sunset Market Commentary appeared first on Action Forex.
USD/JPY’s up trend from 139.87 resumed by breaking through 159.44 last week. Initial bias remains on the upside this week for retesting 161.94 high first. Firm break there will confirm larger up trend resumption and Read more…
After initial rebound, GBP/USD’s fall from 1.3867 resumed by breaking through 1.3252. Initial bias remains on the downside this week for 1.3008 structural support. Firm break there will carry larger bearish implication and target 1.2524 Read more…
USD/CHF’s rally from 0.7603 extended higher last week. The strong break of 55 D EMA (now at 0.7817) suggests that it’s already corrective whole down trend from 0.9200. Initial bias is on the upside this Read more…