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EURUSD remains firmly in red and trading near the lowest level in almost one month on Friday morning. Bears eye key supports at 1.10 zone (psychological / Sep 11 higher low / Fibo 38.2% of 1.0601/1.1204 uptrend) break of which to generate reversal signal on breach of the floor of multi-week consolidation range and completion […]

The post EUR/USD Outlook: Bears Hold Grip and Pressure Key 1.1000 Support Zone Ahead of US Labor Data appeared first on Action Forex.

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27/07/2024

Markets Weekly Outlook: Central Banks and US Earnings. Will BoJ Hike Rates?

Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings, particularly the FOMC and BoJ, and US NFP data will be key drivers of market sentiment […]
22/03/2024

Canadian Dollar Dips as Retail Sales Disappoint

The Canadian dollar has extended its losses on Friday. USD/CAD is trading at 1.3569 in the North American session, up 0.29%. Canada’s retail sales slip in January Canada’s retail sales fell 0.3% m/m in January, revised from the earlier estimate of -0.4% and well off the 0.9% gain in December. The decline was driven by […]
16/07/2024

Bitcoin and Ethereum Test 50-Day MAs

Market Picture The crypto market has rallied nearly 2% over the past 24 hours to a $2.34 trillion cap, with the slippage at the start of the day pushing the figure to $2.38 trillion, a level last seen on June 20th. Bitcoin and Ethereum are testing their 50-day moving averages on Tuesday after retreating from […]