The September jobs report and the Bank of Canada’s Business Outlook Survey will be closely watched for signs of more economic weakness as the central bank considers whether to accelerate the pace of interest rate cuts. The U.S. Federal Reserve kicked off its cutting cycle with a 50 basis point reduction in September—larger than the […]
Key Highlights EUR/USD attempted another increase from the 1.1000 support. A major bearish trend line is forming with resistance at 1.1110 on the 4-hour chart. Gold rallied to a new all-time high above $2,580. USD/JPY extended losses below the 141.20 support. EUR/USD Technical Analysis The Euro found support near the 1.1000 zone against the US […]
The post EUR/USD Could Trim Gains and Drop: Here’s Why appeared first on Action Forex.
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