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EUR/USD rises above 1.0800 due to weak US economic data and a weaker USD. Market anticipates a 71.6% chance of a rate cut in September. DXY is at a psychological support level ahead of US jobs data release. EUR/USD continued its upward momentum on US Independence Day, capitalizing on a weaker USD and low market […]

The post EUR/USD Advances, DXY Eyes Trendline Break – Jobs Data Up Next appeared first on Action Forex.

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18/01/2024

Aussie Stems the Bleeding

The Australian dollar has stablilized after a nasty tumble this week. In the European session, AUD/USD is trading at 0.6555, up 0.06%. The Aussie ignored a weak employment report which showed job growth plunged by 65,100 in December. The unemployment rate remained steady at 3.9%. Risk appetite, China weighing on Aussie The US dollar looked […]
09/04/2024

EURJPY Rises Towards 16-Year High

EURJPY rebounds off uptrend line Price holds above SMAs Oscillators indicate more bullish movements EURJPY is climbing higher after the turning point near the medium-term ascending trend line and is moving towards the 16-year high of 165.36. The market has been developing within an uptrend since December 7 with the technical oscillators confirming an upside […]
29/07/2024

Asian Equity Markets Kick Off the week in Good Spirits

Markets Core bonds finished higher last Friday. US Treasury yields were unable to build on Thursday’s Q2 GDP intraday rebound. The release of some economic data including personal income & spending and June PCE deflators wouldn’t call for a net daily yield decline between 3.1 and 5.6 bps but yet that’s exactly what happened. It […]