Logo-color Logo-white

EURGBP reversed from resistance zone Likely to fall to support level 0.8540 EURGBP currency pair earlier reversed down from the resistance zone set between the pivotal resistance level 0.8620 (which has been reversing the price from January) and the upper daily Bollinger Band. The downward reversal from the resistance zone created the daily candlesticks reversal […]

The post EURGBP Wave Analysis appeared first on Action Forex.

previous

AUD/USD Outlook: Initial Reversal Signal Developing on Daily Chart

next

Cliff Notes: Varied Assessments of Risk

Read More

20/01/2024

Yen Under Pressure, Core CPI Eases

Japan’s Core CPI eases to 2.3% The Japanese yen has recovered after losing ground earlier in the day. USD/JPY rose as high as 148.80, its highest level in three weeks. The yen has rebounded and is trading in Europe at 148.10, down 0.03%. It has been a rough week for the yen which has fallen […]
01/12/2023

Cliff Notes: Constructive Policy Developments

Key insights from the week that was. In Australia, the Monthly CPI Indicator fell 0.3% in October, pulling the annual rate of inflation down from 5.6%yr to 4.9%yr; encouragingly for policy, there were no convincing upside surprises within the detail. Indeed, goods prices – which constitute the bulk of the new information at this point […]
09/03/2024

Weekly Economic & Financial Commentary: G10 Central Banks Sitting Tight

Summary United States: Labor Market Cooling but Far from Cold With fresh updates on a variety of indicators, particularly those associated with the labor market, the past week’s performance continued to help shape the narrative heading into the March FOMC meeting. Beating expectations, total nonfarm payrolls increased 275K in February. Next week: CPI (Tue.), Retail […]