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The EUR/USD pair began the week around 1.0789, reflecting heightened global economic uncertainties and a strong inclination towards safe-haven assets. The appeal of the US dollar is bolstered by rising US government bond yields and positive consumer confidence indicators from the University of Michigan, which reported a rise to 70.5 points in October, surpassing expectations. […]

The post EUR/USD Weakens Amid Global Economic Uncertainty and Strong US Dollar appeared first on Action Forex.

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EUR/USD Still At Risk of More Downsides Below 1.0750

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US Jobs Report and Inflation in Focus This Week

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24/04/2024

Will BoJ Disappoint Once Again?

BoJ manages to upset the market even with historic hike Yen tumbles to 34-year low even as market prices in summer hike Will another disappointment trigger yen intervention? The Bank meets on Friday at 03:00 GMT To stand pat after historic hike The Bank of Japan (BoJ) is very likely to keep interest rates untouched […]
23/04/2024

Strong Profit-Taking in Gold or Beginning of Reversal?

Gold is under pressure this week, having pulled back to the $2300 per troy ounce level. The decline since Friday’s close is over 3.7%. The formal trigger is a more moderate escalation in the Palestinian-Israeli conflict than expected at the beginning of the month. However, we view the current pullback as a welcome technical correction […]
15/10/2024

GBP/USD Could Recover: Is a Comeback on The Way?

Key Highlights GBP/USD started a fresh decline below the 1.3120 support zone. A connecting bearish trend line is forming with resistance at 1.3070 on the 4-hour chart. EUR/USD extended losses and traded below the 1.0920 support. Bitcoin rallied above the $63,500 and $64,000 levels. GBP/USD Technical Analysis The British Pound started a fresh decline from […]