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EUR/USD opened the week steady, trading near 1.1418, as markets brace for a series of key economic reports and political developments. Markets eye trade talks and macro indicators Investor sentiment remains cautiously optimistic ahead of the US-China trade meeting, set to take place in London today, following President Donald Trump’s announcement last week. Hopes for […]

The post US Dollar Faces Pivotal Week: Politics and Economic Data in Focus appeared first on Action Forex.

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02/04/2025

EUR/USD on the Edge as US Tariffs Decision Nears

EURUSD’s recovery attempt stalls near 20-SMA. Short-term outlook is fragile; support at 1.0732-1.0770. EURUSD held a muted tone, struggling to break past the 1.0800 mark as traders braced for the upcoming US reciprocal tariffs set to be unveiled on Wednesday night. Uncertainty lingers over whether the US president will adopt a conciliatory approach or escalate […]
06/02/2025

USD/CAD Exchange Rate Stabilises

As we reported on 3 February, the decision by the US president to impose 25% tariffs on goods imported from Canada sent the USD/CAD rate soaring to a 22-year high. However, after a round of negotiations between Donald Trump and Justin Trudeau, the tariff implementation was postponed by a month, which was reflected in the […]
30/01/2024

EURUSD – Repeated Probe Through Pivotal Supports Adds to Negative Near-term Bias

Bearish pressure rises on break below 200DMA (1.0841) and probe through 1.0821 Fibo support (76.4% retracement of 1.0723/1.1139 upleg), as fresh bears also violate the floor of four-day congestion. Firm break lower to signal continuation of short-term downtrend from 1.1139 (Dec 28 peak) and expose targets at 1.0771 / 56 (100DMA / daily cloud base) […]