Tag: Economic indicators

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EUR/USD Recovery Continues: Bullish Momentum Intact

The EUR/USD pair continues its recovery, showing bullish momentum as it surpasses the 1.0800 resistance level. A bullish trend line is forming with support...
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Japanese Yen Strengthens as US Dollar Weakens on Fed Rate Cut Expectations

The Japanese Yen has been gaining strength against the US Dollar due to challenges faced by the USD following weaker-than-expected US employment growth data...
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Weekly EUR/USD Forecast: Latest Analysis and Predictions for Traders

EUR/USD saw a strong rebound last week, indicating that the pullback from 1.0915 may have ended at 1.0665. The initial bias for the upcoming...
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Mexican Peso Surges to 3-Day High, Ends Week with 1% Gain

The Mexican Peso experienced a surge to an eight-day high of 17.99 against the US Dollar before losing momentum and fluctuating within the 17.99...
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Forex and Cryptocurrency Forecast for Traders – Action Forex

On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in...
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GBP/JPY Weekly Forecast: Latest Analysis and Predictions

Last week, GBP/JPY continued its upward trend and reached a high of 206.42. This week, the initial bias suggests further rally. A strong break...
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EUR/USD Surges to Friday Highs on Rate Cut Hopes

The EUR/USD currency pair experienced significant movement last week, reaching highs of 1.3840 as investors reacted to the US Nonfarm Payrolls (NFP) report. Despite...
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Bulls Gain Control as NZD/USD Closes Above Critical Resistance – Weekly Price Analysis

The NZD/USD pair has shown a positive trend as it closed above the 20 SMA support at 0.6120, indicating bullish momentum. The pair tested...
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Upcoming Trading Week: Key Events and Releases for Traders | Forexlive

Next week, traders will be keeping a close eye on several key events and releases that could impact the markets. These include the US...
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Gold Price Surges to Six-Week High Amid Weak US Labor Market Data

Gold prices surged to a six-week high, reaching $2,385 as traders reacted to the latest US labor market data. Although the June Nonfarm Payrolls...

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Trade War Escalation: Trump Imposes 10% Tariffs on China, 25% Tariffs...

President-elect Donald Trump announced on his social media platform that he plans to increase tariffs by an additional 10% on all Chinese goods entering...