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In focus today Today, we should finally get actual numbers on China’s fiscal stimulus as the meeting in the Standing Committee of the National People’s Congress ends. In the US, the University of Michigan’s flash consumer sentiment survey is due for release. Economic and market news What happened yesterday In the US, the Fed unanimously […]

The post China to Unveil Fiscal Stimulus Package appeared first on Action Forex.

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USDCAD Retains Bullish Bias Above 20-day SMA

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13/08/2024

FTSE 100 Index Analysis

FTSE 100 index reversed from support zone Likely to rise to resistance level 8300.00 FTSE 100 index recently reversed up from the support area located between the pivotal support level 8050.00 (former monthly low from July), lower daily Bollinger Band and the support trendline of the daily down channel from May. This support area was […]
25/03/2024

USDJPY- Bulls Hold Grip for Further Gains after Consolidation

Bulls are taking a breather and consolidating just under key barriers at 150.90/94 (2023/22 tops) after strong rally in past two weeks. USDJPY was inflated by a wide gap between US and Japan’s interest rates, with no positive impact from BoJ’s rate hike last week, as investors do not expect the central bank to be […]
24/06/2024

EUR/USD Remains At The Edge, Can It Recover?

Key Highlights EUR/USD failed to surpass 1.0765 and declined once again. A major bearish trend line is forming with resistance at 1.0710 on the 4-hour chart. GBP/USD declined heavily and traded below the 1.2680 support. Bitcoin price extended losses and traded below the $64,200 support. EUR/USD Technical Analysis The Euro failed to recover above the […]