Tag: Action Forex

In the latest Eco Data Report, several key events and their corresponding data were analyzed in the Forex Market. Let's take a closer look at the numbers: Australian Dollar (AUD): - Monthly CPI Y/Y Sep: Actual...

The Eco Data Analysis for October 29, 2024, provided insights into various economic indicators across different countries. Here is a breakdown of the data: - Japan's Unemployment Rate for September remained steady at 2.50%. - Germany's...

The Federal Open Market Committee (FOMC) recently initiated an easing cycle by reducing the fed funds target range by 50 bps to 4.75%-5.00% at its last meeting in September. However, it appears that further...

The USD/JPY pair is showing an upward bias during the day with minor support at 151.44 remaining intact. If the pair continues to trade above the 61.8% retracement level of 153.39, we could see...

The USD/CAD pair continues to rise from the low of 1.3418, with the intraday bias remaining on the upside. This suggests that there is a possibility of retesting the resistance zone of 1.3946/76. A...

The Australian dollar to US dollar (AUD/USD) pair continued its decline last week, dropping from 0.6941. The breach of the 0.6621 resistance level indicates a potential bearish reversal in the near term. The initial...

The USD/CHF pair saw a rise from 0.8374 last week, reaching a temporary peak at 0.8685. The initial bias for this week remains neutral. There is an expectation for further increase as long as...

The GBP/USD pair experienced a drop from 1.3433 to 1.2906 last week, but managed to find a temporary low and make a recovery. This week, the initial bias suggests a neutral outlook for consolidations....

The USD/JPY pair saw a rebound from 139.57 to 153.18 last week before experiencing a temporary top and retreating. This week, the initial bias is neutral for consolidations first. However, further rally is likely...

The EUR/USD pair experienced a decline last week, falling from 1.1213 to 1.0760 before showing signs of a temporary recovery. As we look ahead to this week, the initial bias is neutral, suggesting a...