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EURUSD trades sideways between 1.0725 and 1.0930 Oscillators confirm the lack of directional momentum A move above 1.0930 may be needed to brighten the outlook EURUSD pulled back on Tuesday, after hitting resistance slightly above the 1.0875 barrier, marked by the high of April 4. In the bigger picture, most of the price action has […]

The post EURUSD Oscillates Within a Sideways Range appeared first on Action Forex.

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27/12/2023

Brent Oil Price Reaches New December High

Financial markets are experiencing a traditional decline in trading activity associated with the holiday period. Notable events: S&P-500 and NASDAQ-100 stock indices updated their maximum for the year after the holiday Monday, thereby confirming the idea that the decline on Wednesday, September 20, was in the nature of a correction. Santa and his rally do […]
30/11/2023

Interesting to See Whether EUR/USD Can Regain 1.10 Barrier

Markets Yesterday, first November EMU inflation data from Germany and Spain come out in line with market momentum. Spain HICP inflation declined 0.6% M/M easing the Y/Y measure from 3.5% to 3.2% (3.7% expected). Core inflation also declined substantially (4.5% from 5.2%). Similar story in Germany as HICP inflation printed at -0.7% M/M and 2.3% […]
03/02/2024

Canada’s January Unemployment Rate to Hit 5.9%—Highest Since Pandemic

Canadian jobs numbers for January will be centre stage next Friday as policymakers and market watchers look for signs of deterioration in the labour market. The data for the first month of 2024 will tell a similar story to the one we have observed over 2023—employment is rising but not quickly enough to prevent an […]