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In focus this week Today will be quiet on the data front, with no major releases scheduled This week is expected to be calm before the storm of the US election. On Tuesday we will have the JOLTs report and the consumer confidence from the US Conference Board. On Wednesday, we receive preliminary estimate of […]

The post US Jobs Report and Inflation in Focus This Week appeared first on Action Forex.

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Yen Extends Losses This Morning

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EURUSD Halts Decline But Downside Risks Persist

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21/10/2024

EUR/USD Turns Red, Are Bears Back In Action?

Key Highlights EUR/USD started a major decline below the 1.1000 support. A short-term bearish trend line is forming with resistance at 1.0865 on the 4-hour chart. GBP/USD extended losses and tested the 1.2965 support zone. Bitcoin surged above the $67,500 and $68,000 resistance levels. EUR/USD Technical Analysis The Euro started a fresh decline below the […]
06/11/2024

GBP/USD Recovery Potential: Can The Pound Rebound?

Key Highlights GBP/USD is attempting to recover from the 1.2840 support zone. A connecting bearish trend line is forming with resistance at 1.3020 on the 4-hour chart. EUR/USD could gain bullish pace if it clears the 1.0920 resistance. Bitcoin bulls aim for a fresh move above the $70,000 resistance. GBP/USD Technical Analysis The British Pound […]
15/03/2024

GBPJPY Ticks Up from Rising Trend Line

GBPJPY recoups some of the losses RSI and MACD still show some weakness GBPJPY is recovering somewhat from the bearish movement that started from 191.30 and is following the direction of the ascending trend line. The market is also developing within the 20- and the 50-day simple moving averages (SMAs) with the technical oscillators showing […]