EURJPY Wave Analysis – ActionForex
EURJPY: ⬆️ Buy EURJPY reversed from support zone Likely to rise to resistance levels 186.00 and 188.00 EURJPY currency pair recently reversed up from the support zone between the strong…
US: Inflation Rises to Three-Year High of 3.8% in April
The Consumer Price Index (CPI) rose by 0.6% month-on-month (m/m) in April, meeting the Bloomberg consensus forecast. On a twelve-month basis, CPI jumped 3.8% – the fastest rate of growth…
Silver Wave Analysis – ActionForex
Silver: ⬆️ Buy Silver broke daily Triangle Likely to rise to resistance level 75.30 Silver recently broke through the resistance zone between the resistance level 70.00 and the resistance trendline…
GBP/USD Slides Toward Trendline Support Below 1.3600
GBPUSD weakens within consolidation. Loses ground on US-Iran tensions, UK political pressure, US data in focus. Momentum indicators point to a modestly fading positive bias. GBPUSD is losing ground below…
Sunset Market Commentary – ActionForex
Markets Risk premia were back in vogue from the start of trading this morning. Evidently, the stalemate in the process of reaching a solution to the US-Iran conflict, via higher…
Sterling Falls on Deepening Political Crisis in UK
Cable fell around 0.8% on Tuesday on deepening political crisis, following calls from a number of lawmakers to PM Starmer to step down after his Labour Party suffered heavy losses…
The GBPUSD is the biggest mover today. Sellers taking back some control
While UK Prime Minister Keir Starmer hangs on politically, the GBPUSD is moving sharply lower and is currently the biggest decliner among the major currency pairs against the stronger US…
US Dollar Rallies Back After CPI: Is the Correction Over? EUR/USD, GBP/USD and Dollar Index Overview
The US Dollar saw a sharp correction after the fragile ceasefire began, but that downward trend has now completely stopped. With the peace narrative having stalled, it is clear that…
WTI Price Forecast: Oil prices remain underpinned by Hormuz tensions and tighter supply outlook
West Texas Intermediate (WTI) crude Oil rallies more than 3% on Tuesday as fading hopes for a near-term end to the US-Iran war continue to fuel concerns over supply disruptions…
Bias shifts modestly to the downside in the AUDUSD and NZDUSD but battle is on.
The AUDUSD moved lower during the Asia-Pacific session, breaking below its rising 100-hour moving average after buyers had successfully defended that level during yesterday’s trading. The move below the 100-hour…
