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EUR/USD The euro has retreated from its previously reached highs. The 1.12000 level provided strong resistance to buyers, and after testing it twice, the price has corrected to 1.1100. This level has already offered support to the pair last week, so for now, we are seeing range-bound trading between 1.1200-1.1090. What scenarios could unfold in […]

The post Euro Tests Key Levels Ahead of Inflation Data appeared first on Action Forex.

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EUR/USD Stabilises Ahead of Core PCE Inflation Report

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03/01/2024

EUR/USD Stabilizes After Slide, FOMC Minutes Loom

Euro slips to two-week low US ISM Manufacturing PMI expected to rise slightly FOMC minutes to be released later on Wednesday Germany, Eurozone to release CPI on Thursday The euro has steadied on Wednesday after sustaining sharp losses a day earlier. In the European session, EUR/USD is trading at 1.0932, down 0.08% and its lowest […]
15/04/2024

USDJPY Rallies to Another Fresh 34-Year High

USDJPY surpasses 154.00 Round numbers to be watched Stochastics indicate overstretched market USDJPY is surging to another multi-year high above the 154.00 round number, adding 0.8% so far today. The technical oscillators are holding in overbought regions. The RSI is suggesting that more gains may be on cards; however, the stochastic oscillator is indicating an […]

Sunset Market Commentary

Markets Geopolitics as a market theme tend to have a limited shelf life but investors this time really took it to the next level. Except for some minor bourse losses in Asia, Iran’s retaliatory attacks against Israel didn’t trigger the slightest risk aversion in Europe, quite the contrary. The EuroStoxx50 adds 1.5% and Wall Street […]