Tag: forex trading
Top Eco Data Analysis for 7/1/24 – Actionable Insights | Forex News
The eco data analysis for July 1st, 2024, provides insights into various economic indicators across different countries. Let's take a closer look at some...
Forex Market Analysis: Weekly Outlook (01-05 July)
This week in the forex market, there are several key events and data releases to keep an eye on. On Monday, we have important...
USD/CAD Unchanged Post Canadian GDP and US PCE Data Release
USD/CAD has seen little movement around the 1.3700 level following the release of key economic data for both Canada and the US. The Canadian...
USD/CAD Surges Above 1.3700 Before Core PCE Inflation Release
The USD/CAD pair has been on an upward trend for the fourth day in a row, reaching around 1.3710 during the European trading session...
Eco Data Forecast for June 28, 2024 – Action Forex
On June 28, 2024, various economic indicators were released, providing insights into different economies around the world.In Japan, the Tokyo Consumer Price Index (CPI)...
USD/JPY Breaks Through 160.00 Barrier to Hit New Multi-Decade Highs
The USD/JPY pair surged to a new multi-decade high above the 160 level on Wednesday, signaling a strong bullish momentum in the market. Despite...
USDJPY Price Analysis: Will USDJPY Break Above 160 Level? – Action Forex
USDJPY is currently trading below the critical 160 level with weak momentum. There are signs of overbought conditions, indicating that sellers may be waiting...
EUR/USD Forecast: Latest Analysis and Updates – Action Forex
EUR/USD is currently in a consolidation phase after reaching 1.0667, and the short-term bias is neutral. The resistance level at 1.0760 is expected to...
Will AI change the FX trading?
AI has been a topic of discussion for some time now. With more and more startups claiming to offer ground-breaking products, one can not...
EUR/USD Rebounds Strongly on Improved Market Sentiment
The EUR/USD pair bounced back strongly from a weekly low of 1.0670 in Monday's European session as the demand for risky assets increased. This...