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Preliminary estimates of durable goods orders in the US showed a less sharp than expected dip in April. The decline was 6.3% versus a 7.5% jump a month earlier and an expected 7.6% drop. The volatility is almost entirely due to the transport sector, and without that component, there was a 0.2% gain for the […]

The post Three-Year Stagnation in US Durable Goods Orders appeared first on Action Forex.

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Key Technical Levels for EURUSD

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04/04/2024

EURUSD Wave Analysis

EURUSD reversed from key support level 1.0730 Likely to rise to resistance level 1.0860 EURUSD currency pair recently reversed up from the key support level 1.0730, which has been reversing the pair from the start of December, standing near the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from October […]
11/04/2025

USD/JPY Slips Further—Market Eyes Key Support Levels Ahead

Key Highlights USD/JPY started a fresh decline below the 146.50 level. A connecting bearish trend line is forming with resistance at 148.20 on the 4-hour chart. GBP/USD is again rising and might aim for gains above 1.3000. Gold prices could rally further and to a new record high above $3,150 level. USD/JPY Technical Analysis The […]
16/04/2025

US: Retail Sales Surged in March as Consumers Stocked Up Ahead of Tariffs   

Retail and food services sales jumped 1.4% month-on-month (m/m), in line with market expectations. Sales of vehicles and parts played a big role in driving last month’s gain, surging by 5.3% m/m as consumers rushed to purchase new cars ahead of the auto tariffs. Building materials and equipment stores’ also posted a large increase, rising […]