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EURUSD is consolidating under new multi-week high on Wednesday, after bulls cleared pivotal Fibo resistance at 1.0959 (61.8% of 1.1275/1.0448 downtrend) and cracked psychological 1.10 barrier. The Euro received fresh support from expectations that the Fed is done with rate hikes and rising bets for start of cutting interest rates in the first half of […]

The post EUR/USD: Bulls Taking Breather After Cracking Psychological 1.1000 Barrier appeared first on Action Forex.

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28/10/2024

Not a Stronger Dollar, But Weaker Others

The Dollar Index has climbed 4.5% over the past four weeks, a movement that’s not unusual compared to longer and sharper rallies in recent years. However, what stands out is that equities and gold are also on the rise alongside it. It’s probably more accurate to talk about a decline in competitors rather than a […]
29/05/2024

Sunset Market Commentary

Markets German bunds underperformed US Treasuries today. We should speak in the conditional tense though because there’s still the $44 bn 7-yr auction scheduled after the European close. A mediocre 2-yr and 5-yr sale yesterday triggered additional losses for Treasuries and was the reason for European/German yields to catch up straight at the open. German […]
27/12/2023

EUR/USD Extends Rally While USD/JPY Revisits Support

EUR/USD gained bullish momentum above the 1.0985 resistance. USD/JPY is declining and showing bearish signs below the 142.85 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and climbed above the 1.0985 resistance zone. There is a key bullish trend line forming with support near 1.1020 on the […]