Logo-color Logo-white

The euro can’t seem to find its footing. EUR/USD is down for a third straight trading day and has declined 0.38% on Wednesday, trading at 1.0608 at the time of writing. Earlier today, the euro dropped as low as 1.0606, its lowest level since April 15. The US dollar rose after Donald Trump’s decisive election […]

The post EUR/USD Slips to 7-Month Low on Weak Eurozone Confidence Data appeared first on Action Forex.

previous

GBP/USD Slips to 3-Month Low as Unemployment Rate Jumps

next

Australia: Wage Inflation Moderating as Expected

Read More

13/06/2024

Sunset Market Commentary

Markets Yesterday’s ‘hawkish’ Fed dots raising governors’ 2024/25 inflation projections, a higher reference for the neutral rate (2.75% ) and indicating only one rate cut this year as the FOMC’s preferred interest rate scenario only limited the big decline in US yields post a softer than expected US may CPI release. US 2-y and 10-y […]
02/02/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits a neutral overall momentum, suggesting a lack of a strong trend in either direction. Price could potentially fluctuate between the 1st resistance and 1st support levels. The 1st support level at 102.79 is identified as an overlap support and is reinforced by the presence of the […]
15/04/2024

Could Have Been Worse

Risk appetite is better this Monday morning than it was last Friday when the world was bracing for the Iranian retaliation on Israel. Iran fired more than 300 drones and missiles on Israel on Saturday night, but only a small number reached Israel, limiting damages. There were no fatalities, just an army base was slightly […]