Logo-color Logo-white

EURJPY storms back higher towards 2024 peaks Momentum indicators weaken but remain positive EURJPY has been in a steady advance since December 2023, peaking at the 2024 high of 163.70 on February 27. Despite experiencing a pullback in the past week, the pair found its feet and rotated back higher towards its recently registered three-month peak. Given […]

The post EURJPY Recovers from Mild Pullback appeared first on Action Forex.

previous

Market Focusing on Speech of Federal Reserve Head

next

ISM Shows Services Sector Expansion Continued in February

Read More

13/02/2024

NZD/USD Dips Despite Hawkish RBNZ

RBA’s Orr says high rates still needed New Zealand releases inflation Expectations on Tuesday The New Zealand dollar is lower on Monday. In  the European session, NZD/USD is trading at 0.6127, down 0.35%. The New Zealand dollar ended the week on a high note, gaining 0.86% against the US dollar on Friday. RBNZ’s Orr says […]
03/06/2024

Euro Area Inflation Beat Expectations

In focus today Today in the US, we get the May ISM Manufacturing index at 16.00 CET. Its PMI-counterpart released earlier shifted modestly higher, but the leading new orders indices still pointed towards muted growth. In Sweden, we get the manufacturing PMI for May at 08.30 CET. It is set to continue higher from last […]
20/01/2024

USDCAD Stuck Between Converging SMAs

USDCAD extends its rebound to a fresh 1-month high But does not manage to close above the 50-day SMA Momentum indicators turn positive USDCAD had been staging a solid recovery from its December low of 1.3176, but the 50-day simple moving average (SMA) prevented further gains. Despite the rejection, the 200-day SMA has been acting as a […]