Logo-color Logo-white

The euro is slightly higher on Tuesday. In the European session, EUR/USD is trading at 1.0528, down 0.23% at the time of writing. German inflation climbs to 2.2% Germany, the largest economy in the eurozone, remains a shadow of what was once the undisputed locomotive of Europe. Economic growth has sputtered and there is political […]

The post German Inflation Rises, Euro Edges Higher appeared first on Action Forex.

previous

AUD/USD Outlook: Dips on Signals of RBA’s Dovish Shift

next

RBA Kept Rate Unchanged But Failed to Stop AUD Slide

Read More

01/03/2024

Ripples and Waves

Ripple effects from the pandemic are not over and underlying trends are not fixed. It would be a mistake to assume otherwise. Whenever one reads commentary about what policymakers should do, rather than what they will do, one should always consider the author’s unstated assumptions. Two such assumptions seem especially pervasive currently. The first is […]
12/03/2024

USDJPY: Samurai Weighing the Next Move

USDJPY is bouncing back after five trading sessions where it fell by a cumulative 2.5%. On daily timeframes, the pair’s subsequent move after the pause allows us to determine further medium-term trends. The weakening of the dollar accompanied the pair’s decline since the end of last month, but it can also be seen as a […]
13/09/2024

AUDCAD Wave Analysis

AUDCAD reversed from support zone Likely to rise to the resistance level 0.9150 AUDCAD recently reversed up from the support area between the support level 0.9020 (which reversed the price at the start of August) and the lower daily Bollinger Band. The upward reversal from the support level 0.9020 stopped the C-wave of the previous […]