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The EUR/USD pair has found some stability at around 1.0921 this Friday, following a week marked by high volatility. Market participants have been adjusting their positions in response to speculations concerning the US economy’s potential rapid recession and subsequent expectations about the Federal Reserve’s response. The broader market sentiment has increasingly leaned towards anticipating a […]

The post EUR/USD Stabilises Amid Fed Speculation and Absence of Major Economic Data appeared first on Action Forex.

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05/08/2024

Aussie Slides on Fears Over the US Economy

The Australian dollar has taken a nasty spill to start off the trading week. AUD/USD dropped as much has 2.5% in the Asian session and fell to its lowest levels since November 2023. The Aussie has pared those losses and is down 0.96% at the time of writing, trading at 0.6448. RBA likely to deliver […]
16/05/2024

USD/JPY Steady as Japanese Economy Contracts

The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter. GDP declined by 2% y/y in the first quarter, following a revised 0% reading in Q4 2023. This was […]
12/06/2024

Euro Hits Monthly Low Amid Political Instability in France

The EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in the European Parliament elections. French President Emmanuel Macron has called for early legislative elections after the far-right party’s strong showing. While Macron retains the presidency and […]