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EUR/USD is slowly gaining traction above the 1.0800 level. USD/JPY trimmed almost all losses and showing positive signs above 156.20. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.0750 pivot level. There is a key bullish trend line forming with support near 1.0800 on the hourly chart […]

The post EUR/USD Sees Green as USD/JPY Gains Bullish Traction appeared first on Action Forex.

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26/04/2024

US Economy: Slower Growth With Stronger Inflation

The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast. Disappointment increased given that exceeding forecasts has become the norm. GDP growth for the […]
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