Logo-color Logo-white

EUR/USD started a downside correction from the 1.0890 resistance. USD/CHF is rising and might aim a move toward the 0.9155 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0890 resistance and declined against the US Dollar. There was a break below a key bullish trend line with support […]

The post EUR/USD Slips as USD/CHF Targets Upside Break appeared first on Action Forex.

previous

Dollar Tries to Extend Gains

next

WTI Oil: On Track for a Potential Recovery After 2-month of 12% Decline

Read More

10/05/2024

U.S. Inflation in April to Look Softer After Upside Surprises

All eyes will be on U.S. April inflation numbers on Wednesday after a string of upside surprises made earlier expectations for interest rate cuts from the Federal Reserve in the near term unlikely. We expect to see some softening in price growth in April. Headline consumer price index growth is expected to be up 3.5% […]
28/03/2024

Australian Dollar Slides After Weak Retail Sales Report

The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%. Australia’s retail sales rise 0.3% Australia’s retail sales slipped in February to 0.3% m/m, a sharp drop from the 1.1% gain in January and shy of the market forecast of 0.4%. […]
29/04/2024

Currency Interventions Usually Don’t Have Long-Lasting Market Impact

Markets The Japanese yen slid dramatically on Friday as the Asian island was heading towards a long weekend. USD/JPY soared from 155.65 to 158.44 in the wake of another JPY disappointing BoJ meeting. It contrasted with Fed policy needing to be restrictive for longer. The latter was once again obvious from higher than expected March […]