Logo-color Logo-white

EURUSD meets 1.0500 again Stochastic and RSI continue bearish moves EURUSD failed to extend its bullish movement above the 1.0600 round number, which overlaps with the 20-day simple moving average (SMA), raising the likelihood for further downside movements. According to technical oscillators the upside momentum of the last ten days may come to an end. […]

The post EURUSD Keeps Downside Momentum appeared first on Action Forex.

previous

French Politics Hangs in the Balance

next

XAG/USD Analysis: Silver Price Balances at Key Support

Read More

18/10/2024

Consensus-Beating UK Retail Sales Triggers a EUR/GBP Break Lower

Markets Second tier US economic data outgunned yesterday’s ECB meeting. Strong retail sales, lower-than-expected weekly jobless claims and a sharp rebound in the Philly Fed business outlook sparked a test of the 4% barrier by the US 2-yr yield (+3.3 bps in the close) but it’ll take more for this psychologically important level to break. […]
04/04/2024

Euro, Sterling Bears Bulldozed by Fed Doves

Federal Reserve (Fed) Chair Jerome Powell reiterated yesterday that the Fed is not in a rush to cut rates but that it will cut sometime this year and that the recent jump in inflation didn’t ‘materially’ change their policy outlook. The latter was enough to send the market higher with joy. On the data front […]
05/03/2024

Beijing Tries to Convey Message of Confidence, Markets Not Impressed

Markets In a session deprived of data, US yields yesterday easily reversed a big part of Friday’s decline post a weaker than expected US manufacturing ISM. The move started early in US dealings. Comments from Atlanta Fed president Bostic only confirmed recent guidance that the Fed will take a cautious stance on rate cuts as […]