Logo-color Logo-white

In focus today Today will be light on the data front, with the German ZEW indicator for November only. It will be interesting to see if the improvement in expectations recorded in October continued in November. Economic and market news What happened overnight In Sweden, the Public Employment Service (PES) released their latest unemployment statistics […]

The post Will ZEW for November Match October’s Improvement? appeared first on Action Forex.

previous

Dollar Sets the Pace in FX Markets

next

Has US 100 Index Rally Run Its Course?

Read More

19/08/2024

USD/JPY Outlook: Japanese Yen Regains Traction vs Dollar on Renewed Expectations for Dovish Fed

USDJPY dips further on Monday, adding to signals that corrective phase off 141.68 (Aug 5 spike low) is likely over. Upleg from 141.68 was repeatedly capped at pivotal Fibo barrier at 149.36 (38.2% retracement of 161.80/141.68) with subsequent weakness being sparked by renewed risk appetite. Yen also appreciates on signals that gap between policies of […]
15/10/2024

EUR/USD: Increased Downside Pressure Below Daily Cloud

EURUSD dipped to new two month low early Tuesday, remaining under pressure from risk aversion on China’s latest stimulus news and wide expectations of ECB rate cut by 25 basis points on Thursday. After registering a daily close below 1.0944/35 (Fibo 61.8% of 1.0775/1.1214 / daily cloud base / 100DMA) bears now pressure pivots at […]
17/06/2024

Does EURCHF Correction Have Legs?

EURCHF drops to a 4-month low Significant correction over the past 15 days Momentum indicators confirm the bearish pressure EURCHF has been on a freefall since late May with the move picking up pace following the recent European elections and the first ECB rate cut. This pair is currently trading at a 4-month low, around […]