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Euro slips to two-week low US ISM Manufacturing PMI expected to rise slightly FOMC minutes to be released later on Wednesday Germany, Eurozone to release CPI on Thursday The euro has steadied on Wednesday after sustaining sharp losses a day earlier. In the European session, EUR/USD is trading at 1.0932, down 0.08% and its lowest […]

The post EUR/USD Stabilizes After Slide, FOMC Minutes Loom appeared first on Action Forex.

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EUR/USD Edges Down to Near 1.0940 after German Employment Data, Focus Shifts to US Data

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Silver Price Forecast: XAG/USD Nosedives as US Yields Rally in a Data-Packed Week

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NZD/USD Technical: Pulled Back Towards Potential Bullish Inflection Zone

Medium-term uptrend phase from 26 October 2023 remains intact. 6240 is the potential bullish inflection level. Hourly RSI has flashed a bullish momentum breakout condition. The Kiwi (NZD/USD) has been oscillating within a medium-term uptrend phase in place since 26 October 2023 low of 0.5774. So far, it has rallied by +596 pips/+10.3% to print […]
15/04/2024

US 500 Reverses Towards 123.6% Fibonacci

US 500 cash index experiences a minor pullack Meets support at 123.6% Fibo extension of its 2022 downtrend Oscillators exit overbought zones, but do not weaken dramatically The US 500 stock index (cash) has been staging an impressive rally since it bottomed out in October 2023, generating consecutive all-time highs. Although the price has been experiencing a setback in the past two […]
18/06/2024

GBP/USD Eyes UK Inflation

The British pound has edged lower on Tuesday. GBP/USD is trading at 1.2683 in the European session at the time of writing, down 0.16% on the day. There are no UK events on Tuesday, while the US releases retail sales. On Wednesday, we’ll get a look at UK inflation for May. US retail sales expected […]