Logo-color Logo-white

Mood yesterday was mixed on a series of mixed economic and corporate news. In Europe, the business and consumer survey came in slightly lower than expected, the CAC 40 lost more than 1%, the Stoxx 600 fell. The German stocks did better than their European peers as some big names like Siemens and SAP outperformed, […]

The post Euro, Yen Under Pressure, USD Bid appeared first on Action Forex.

previous

Yen: A Managing Decline

next

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

Read More

19/09/2024

Bank of England Review – Gradual Easing Cycle Supports GBP

At today’s monetary policy meeting the BoE left the Bank Rate unchanged at 5.00% as widely expected. The BoE delivered a hawkish twist to its guidance emphasising their gradual approach to reducing the restrictiveness of monetary policy. We think this supports our base case of the next cut in November and a pause in December. […]
05/06/2024

Gold Price At Risk of Additional Losses – Here’s Why

Key Highlights Gold declined and tested the $2,315 zone. A key declining channel is forming with resistance at $2,345 on the 4-hour chart. EUR/USD is holding gains above the 1.0850 level. GBP/USD seems to be aiming for more gains above 1.2800. Gold Price Technical Analysis Gold prices started a fresh decline from the $2,450 resistance […]
19/04/2024

USDCAD Puts Rally on Hold Near 1.3800 Caution Zone

USDCAD pauses aggressive bull run near five-month high Faces resistance around 1.3800, but remains supported above 1.3690 USDCAD attempted to re-enter the 1.3800 territory earlier today after its pullback from a five-month high of 1.3844 on Wednesday. But upside forces faded soon, forcing the price to pull back to Thursday’s closing price of 1.3765. The […]