Summary United States: Hot Economic Data Accompanies the Heart of Summer The U.S. economic data released this week were almost universally strong. Jobless claims dipped lower, the housing market data continued to surprise to the upside and there were signs of life in business equipment spending. Next week: Construction Spending (Mon.), ISM Indices (Mon. & […]
The post Weekly Economic & Financial Commentary: Higher for Longer appeared first on Action Forex.
EUR/USD stayed in consolidation below 1.0810 last week. Initial bias stays neutral this week but further rally is expected as long as 55 4H EMA (now at 1.0744) holds. On the upside, above 1.0810 will Read more…
USD/JPY’s rebound last week suggests that pullback from 160.20 has completed at 151.86 already. It’s now in the second leg of the corrective pattern from 160.20. Further rise could be seen towards 157.98 resistance. On Read more…
GBP/USD dipped to 1.2445 last week but recovered since then. Initial bias remains neutral this week, and further rise is mildly in favor. On the upside, break of 1.2633 will resume the rally from 1.2298 Read more…