by OverviewFX | Aug 24, 2024 | Forex
Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell’s remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25...
by OverviewFX | Aug 24, 2024 | Forex
Monday, Aug 26, 2024 Tuesday, Aug 27, 2024 Wednesday, Aug 28, 2024 Thursday, Aug 29, 2024 Friday, Aug 30, 2024 The post Summary 8/26 – 8/30 appeared first on Action Forex.
by OverviewFX | Aug 23, 2024 | Forex
USDCAD repeatedly tests the 200-day SMA Momentum oscillators are mixed USDCAD has been battling with the 1.3600 round number and the 200-day simple moving average (SMA) over the last couple of days. A successful break beneath these critical levels could open the way...
by OverviewFX | Aug 23, 2024 | Forex
Canada’s retail sales value fell -0.3% mom to CAD 65.7B in June, matched expectations. Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers. In volume terms, retail sales increased 0.1% mom. Excluding gasoline...
by OverviewFX | Aug 23, 2024 | Forex
Daily Pivots: (S1) 1.1085; (P) 1.1125; (R1) 1.1152; More…. EUR/USD is staying in consolidation below 1.1173 and intraday bias remains neutral for the moment. Further rally is expected as long as 1.1046 resistance turned support holds. Above 1.1173 will target 161.8%...
by OverviewFX | Aug 23, 2024 | Forex
Daily Pivots: (S1) 1.3069; (P) 1.3100; (R1) 1.3122; More… Intraday bias in GBP/USD is turned neutral first with 4H MACD crossed below signal line. On the upside, decisive break of 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124 and 1.3141 resistance will...
