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EURUSD is holding within a narrow congestion, capped by Fibo resistance at 1.0933 (Fibo 61.8% of 1.1139/1.0601), as markets slowed ahead of key release this week – US inflation report. German ZEW economic sentiment (July f/c 32.6 vs June 41.8) due in a while, would also impact Euro’s sentiment. Technical picture is predominantly bullish on […]

The post EUR/USD Outlook: In Quiet Mode, Awaiting Economic Data for Fresh Ssignals appeared first on Action Forex.

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26/08/2024

Yen Soars as Powell Signals Rate Cuts on the Way

The Japanese yen has started the week with slight gains. In the European session, USD/JPY is trading at 144.15, down 0.16% on the day at the time of writing. On Friday, the yen shot up 1.3%, as the US dollar was pummeled by the major currencies following Federal Chair Jerome Powell’s speech at the Jackson […]
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Sunset Market Commentary

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