Logo-color Logo-white

Euro slips below 1.10 line German and eurozone manufacturing PMIs contract The euro is down sharply on Tuesday. In the European session, EUR/USD is trading at 1.0969, down 0.62%. The euro hasn’t posted a gain since Wednesday. The US dollar has hit a rough patch on market expectations that the Federal Reserve will cut rates […]

The post Euro Extends Losses after Weak PMIs appeared first on Action Forex.

previous

Dollar Index: EU Inflation and US Labor Reports Eyed for Fresh Signals

next

EURNZD Selling The Rallies At The Blue Box Area

Read More

09/05/2024

Crude Oil Price Takes Hit, Decoding Hurdles To Fresh Increase

Key Highlights Crude oil prices declined further below the $80.00 support. A connecting bearish trend line is forming with resistance at $79.60 on the 4-hour chart. Gold prices are consolidating below the $2,335 resistance. Bitcoin prices are again moving lower below the $63,500 resistance zone. Crude Oil Price Technical Analysis In the past few days, […]
28/06/2024

USD Losses Could be Balanced by Both Euro Caution and Tricky Risk Sentiment

Markets The US Treasury sell-off from Tuesday and especially Wednesday, ended with the early US eco data yesterday. Disappointing and weak durable goods orders (especially the series used for GDP calculations) and a significant downward revision for personal consumption (1.5% Q/Qa instead of 2%) in the final release of Q1 GDP directed a bid into […]
30/05/2024

Crypto Market Infected With Correction

Market picture The crypto market has lost almost 2% of its capitalisation in the last 24 hours to $2.51 trillion. Bitcoin is holding up better than the market, pulling back only 0.7% to $67.6K. Many top coins have deeper drawdowns. Ethereum loses almost 3%, BNB loses 1.6%, and Solana loses 2.6%. Meme coins are under […]