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Markets Last week’s waiting game extended into the first trading day of the new and jampacked one. Oil prices crashed more than 6% to $71.4/b (Brent) after Israel spared Iranian oil facilities in retaliatory strikes over the weekend. Markets elsewhere were much more contained. Core bonds diverged with US Treasuries underperforming German Bunds. A double […]

The post First Dollar Resistance Situated at EUR/USD 1.076 appeared first on Action Forex.

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05/09/2024

EUR/USD Maintains Neutral Stance Ahead of US Employment Data

The EUR/USD pair remained stable around 1.1077 on Thursday morning, following steady growth in the previous session but still confined within a sideways channel. Investors are holding back and conserving their energy in anticipation of crucial employment data from the United States, which begins with today’s ADP private sector jobs report. Although the ADP report […]
05/03/2024

EURJPY Recovers from Mild Pullback

EURJPY storms back higher towards 2024 peaks Momentum indicators weaken but remain positive EURJPY has been in a steady advance since December 2023, peaking at the 2024 high of 163.70 on February 27. Despite experiencing a pullback in the past week, the pair found its feet and rotated back higher towards its recently registered three-month peak. Given […]
02/08/2024

Dollar Story a Nuanced One, UST Outperformance More Than Offset by Risk-off on Equity Markets

Markets And the summer slide continues. Core bond yields yesterday dropped another 2.7-10.8 bps in the US & 4.9-7.8 bps in Germany. The front outperformed after a series of US economic data disappointed across the board. Weekly jobless claims rose to the highest in 11 months, Q2 unit labor costs eased sharply to 0.9% and […]