Logo-color Logo-white

EURUSD remains in extended sideways mode and looking for direction signal after several attempts on both sides failed. Conflicting daily indicators (MA’s in mixed setup / rising negative momentum / north-heading RSI) contribute to directionless action, though the picture remains bullishly aligned as thick weekly Ichimoku cloud continues to underpin, and weekly studies are positive. […]

The post EUR/USD: Remains in Sideways Mode But Slight Bullish Bias Fueled by Thick Weekly Cloud appeared first on Action Forex.

previous

Nikkei 225: Major Bullish Breakout from 7-month Range With Further Potential Upside in Store

next

GBP/USD: Near-Term Action Lacks Clearer Direction Signal But Overall Still Bullishly Aligned

Read More

29/05/2024

Will Core PCE Inflation Spur a Less Hawkish Fed?

Hopes that PCE inflation will point to some further moderation But would that be enough for the Fed to ease its hawkish stance? US dollar drifts lower ahead of the crucial data due Friday, 12:30 GMT The stakes are high as Fed meeting approaches After months of hotter-than-expected inflation prints, there was finally some good […]
20/03/2024

A New World Imagined by BoJ, But Not Yet Realised

Strong wage outcomes saw the Bank of Japan end its negative interest rate policy but further moves are still a world away. At their March meeting, the Bank of Japan raised its policy rate to the range of 0% – 0.1% having “assessed the virtuous cycle between wages and prices” and judged “that the price […]
06/12/2023

Slowing Economy Keeps Bank of Canada On Hold in December  

The Bank of Canada maintained the overnight rate at 5.0%, while stating that it will continue with Quantitative Tightening (QT). The Bank highlighted the slowing in economic momentum stating, “economic growth stalled through the middle quarters of 2023 (and that) higher interest rates are clearly restraining spending”. The Bank also noted that the labour market […]