Tag: Economy
USDCAD Price Action Approaches Hourly Moving Averages
The USDCAD had a downward movement and tested the support level at 1.3813 towards the end of the trading day, hitting a low of 1.3817 before slowing down. Thanks to early successes from the...
BoJ Minutes: Yen Stabilization Allows Monitoring of Global Economic Risks
The Bank of Japan recently held a meeting in September where they discussed their monetary policy in light of global economic uncertainties. During the meeting, the Bank decided to keep its interest rate steady...
EURUSD Price Analysis: Buyers Pushing to New Highs Near Resistance Cluster
The EURUSD continues to rise, despite the release of stronger services ISM non-manufacturing data today. Employment numbers have increased, while new orders and prices paid have decreased. The ongoing election voting is still underway,...
ISM Services Index Reaches 27-Month High in October
The ISM Services index surprised analysts by rising to 56.0 in October, exceeding the expected pullback to 53.8. This marks the highest level since July 2022. The employment sub-index also saw a significant increase...
EUR/USD Forecast: Mid-Day Analysis and Outlook – Action Forex
The EUR/USD pair is showing a slightly upward bias during the day as it continues to rebound from the short-term bottom of 1.0760. However, there is expected to be strong resistance around the 55-day...
European Equities Stagnant at Market Open | Forexlive
European equities showed little movement at the market open today, indicating a sense of stagnation in the market. Investors are advised to proceed with caution as trading in foreign exchange carries a high level...
GBP Outlook: Rate Cuts vs. Fiscal Confidence – Cross Currents | Forexlive
The Bank of England's upcoming decision on interest rates is expected to have a significant impact on the value of the British Pound (GBP). According to MUFG, the slower pace of interest rate cuts...
Credit Agricole: November RBA Meeting Expectations | Forexlive
Credit Agricole is predicting that the Reserve Bank of Australia (RBA) will keep interest rates steady during the upcoming meeting. This decision is based on the fact that Australian inflation and economic activity data...
Oil Prices Surge to One-Week High After OPEC+ Delay | Forexlive
Oil prices surged to a one-week high after OPEC+ decided to extend voluntary production curbs for another month. This decision caused oil to gap 80 cents higher at the Asian open and continue its...
USD/JPY Forecast: Mid-Day Analysis and Outlook – Action Forex
The USD/JPY pair continues to trade in a range, with the intraday bias remaining neutral. It is anticipated that there will be another increase as long as the support at 151.44 is maintained. If...
