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Markets Core bonds sold off into the final trading hours last Friday. We didn’t spot an obvious reason underpinning the move. Economic data (US PCE deflators, national inflation figures of certain EU member states) printed bang in line with expectations. But a looming weekend full of event risk (first round of French parliamentary elections) coinciding […]

The post EUR/USD Rises Towards 1.076 appeared first on Action Forex.

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19/12/2023

Canadian Dollar Drifting Ahead of CPI Release

Canada’s inflation rate expected to fall to 2.9% Fed members push back against rate cut expectations The Canadian dollar is showing little movement on Tuesday. In the European session, USD/CAD is trading at 1.3382, down 0.13%. We could see stronger movement from the Canadian dollar in the North American session, with the release of the […]
21/08/2024

EURUSD: Break Out of Range or Pull Back?

The single currency has risen above $1.11, almost repeating its late December peak. At current levels, the pair is within the upper boundary of its trading range, and the technical analysis suggests that a breakout is more likely than a pullback. Thanks to two bullish impulses since the beginning of July, EURUSD has moved from […]
28/03/2024

GBPAUD Wave Analysis

GBPAUD reversed from support level 1.9245 Likely to rise to resistance level 1.9500 GBPAUD currency pair recently reversed up from the support level 1.9245 (lower border of the narrow sideways price range from January), intersecting with lower daily Bollinger Band. The upward reversal from the support level 1.9245 started the active minor impulse wave 3, […]