Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
A week with political paralysis in Washington ended with record highs on Wall Street — a telling sign of how investors are prioritizing Fed policy over fiscal drama. The U.S. government shutdown, now in effect after Congress failed to pass a funding bill, has frozen major data releases and paralyzed parts of the bureaucracy. Yet […]
The post Shutdown Fails to Shake Risk Appetite; Dollar Slips, Not Sinks appeared first on Action Forex.
EUR/USD’s stayed in range above 1.1644 last week and outlook is unchanged. Further fall is in favor as long as 1.1819 resistance holds. Break of 1.1644 and sustained trading below 55 D EMA (now at 1.1675) will indicate medium term topping at 1.1917, on bearish divergence condition in D MACD. Further fall should then be […]
The post EUR/USD Weekly Outlook appeared first on Action Forex.
USD/JPY’s steep decline last week suggests that rebound from 145.47 has completed at 149.95. But as a temporary low was formed at 146.58, initial bias remains neutral this week first. Overall, price actions from 150.90 are still seen as a corrective pattern. Above 148.21 will bring stronger rebound to 149.95 first. Firm break there should […]
The post USD/JPY Weekly Outlook appeared first on Action Forex.
GBP/USD’s recovery from 1.3322 extended higher last week, but failed to break through 1.3535 resistance. Initial bias remains neutral this week and further decline is in favor. Break of 1.3322 will resume the fall from 1.3725 to 1.3140 support. On the upside, though, firm break of 1.3535 will argue that pullback from 1.3725 has already […]
The post GBP/USD Weekly Outlook appeared first on Action Forex.
USD/CHF stayed in range trading below 0.8013 last week and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8008) will suggest that rise from 0.7828 is already correcting whole fall from 0.9200. Further rise should the be seen to 0.8170 resistance and possibly above. However, break of 0.7908 will […]
The post USD/CHF Weekly Outlook appeared first on Action Forex.
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