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Last week’s market action displayed a familiar theme: investors are choosing to focus on growth — even if it’s fragile — and political clarity, however fleeting. US equities roared to record highs as a wave of macro and policy news washed over Wall Street. Yet the outlook is far from simple. The 90-day tariff truce The post Wall Street Surges, Trump Tariff Blitz Looms, Dollar Struggles appeared first on Action Forex.

EUR/USD edged higher to 1.1829 last week but turned sideway since then. Initial bias stays neutral this week for more consolidations first. But downside should be contained by 1.1630 resistance turned support to bring rebound. Firm break of 1.1829 will resume the rise from 1.0176 and target 61.8% projection of 1.0176 to 1.1572 from 1.1064 The post EUR/USD Weekly Outlook appeared first on Action Forex.

USD/JPY was bounded by range trading between 142.10 and 148.01 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 148.01 resistance will resume the rise from 139.87 to 61.8% retracement of 158.86 to 139.87 at 151.22. However, break of 142.10 will bring deeper fall back The post USD/JPY Weekly Outlook appeared first on Action Forex.

GBP/USD retreated notably after edging higher to 1.3787 last week. Initial bias stays neutral this week and more consolidations could be seen. Deeper pullback cannot be ruled out, but downside should be contained by 1.3369 support to bring rebound. Firm break of 1.3787 will resume larger up trend to 100% projection of 1.2099 to 1.3206 The post GBP/USD Weekly Outlook appeared first on Action Forex.

USD/CHF recovered after dipping to 0.7871 last week. Initial bias remains neutral this week for consolidations. Stronger recovery cannot be ruled out, but upside should be limited by 0.8054 support turned resistance to bring another fall. Below 0.7871 will extend the larger down trend to 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757. The post USD/CHF Weekly Outlook appeared first on Action Forex.

AUD/USD edged higher again but the rally stalled after hitting 0.6589. Initial bias stays neutral this week first and more consolidations could be seen. Further rise is expected as long as 0.6372 support holds. Firm break of 0.6589 will resume the rise from 0.5913 and target 0.6713 fibonacci level. In the bigger picture, there is The post AUD/USD Weekly Report appeared first on Action Forex.

USD/CAD gyrated lower last week but lost momentum ahead of 1.3538 support. Initial bias is turned neutral this week first. On the downside, decisive break of 1.3538 will resume whole fall from 1.4791. Nevertheless, break of 1.3666 will turn bias to the upside, and extend the corrective pattern from 1.3538 with another rising leg to The post USD/CAD Weekly Outlook appeared first on Action Forex.

GBP/JPY retreated last week as rise from 184.35 turned into consolidations. Initial bias remains neutral this week first and further rally is expected as long as 193.99 support holds. Break of 198.78 will target 199.79 resistance. Break there will target 100% projection of 180.00 to 199.79 from 184.35 at 204.14. In the bigger picture, price The post GBP/JPY Weekly Outlook appeared first on Action Forex.

EUR/JPY’s rise from 154.77 extended higher last week and met 100% projection of 154.77 to 164.16 from 161.06 at 170.45 already. Initial bias stays on the upside this week. Sustained trading above 170.45 will target 138.2% projection at 174.03. On the downside, however, break of 168.44 support will indicate short term topping, and turn bias The post EUR/JPY Weekly Outlook appeared first on Action Forex.

EUR/GBP’s rise from 0.8354 accelerated higher to 0.8668 last week, before forming a temporary top there and retreated. Initial bias remains neutral this week and more consolidations could be seen. But further rise is expected as long as 0.8506 support holds. Above 0.8668 will target a retest on 0.8737 high. Decisive break there will resume The post EUR/GBP Weekly Outlook appeared first on Action Forex.

EUR/AUD continued to trade sideway last week and outlook is unchanged. Initial bias remains neutral this week first. Further rise is expected as long as 1.7809 support holds. Above 1.7989 will target 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Sustained break there will pave the way to 1.8554. However, firm break of 1.7809 and The post EUR/AUD Weekly Outlook appeared first on Action Forex.

EUR/CHF gyrated lower to 0.9305 last week but quickly recovered after drawing support from 0.9306. Overall, range trading is still in progress. Initial bias stays neutral this week first. On the upside, break of 0.9428/45 resistance zone will resume the rebound from 0.9218. On the downside, break of 0.9305 will bring retest of 0.9218 low The post EUR/CHF Weekly Outlook appeared first on Action Forex.

Monday, Jul 7, 2025 Tuesday, Jul 8, 2025 Wednesday, Jul 9, 2025 Thursday, Jul 10, 2025 Friday, Jul 11, 2025 The post Summary 7/7 – 7/11 appeared first on Action Forex.

Week in review: Strictly risk-on Markets, Non-Farm Payrolls beat & US Deals This week was heavily focused around the US with Indices hitting almost daily all-time highs in a stringent euphoric mood, with markets turning from War fears back to “TACO” trades, bullish on global economic outlook. One thing to note is that asset managers The post Markets Weekly Outlook – RBA and RBNZ Rate Decisions, July 9th Trump Deadline and BRICS Meeting Trading on the Go appeared first on Action Forex.

July 9 tariff deadline looms as trade deals remain elusive. Fed minutes to be watched after positive jobs report. RBA expected to cut but RBNZ to likely stay on hold. OPEC+ to probably raise output again. UK GDP, Canadian employment and Chinese CPI data also on tap. The race to the finish line It’s been The post Week Ahead – RBA, RBNZ Decisions and Fed Minutes Eyed as Trade Deals Awaited appeared first on Action Forex.

We expect possible tariff increases on July 9 to remain smaller in scale compared to the salvo announced on April 1st ‘Liberation Day’. US could strike preliminary deals with trading partners to buy time for more thorough negotiations. Treasury Secretary Bessent has appeared ready to postpone the deadline towards fall for countries negotiating in ‘good The post Research US – July 9 unlikely to turn into a ‘Liberation Day 2.0’ appeared first on Action Forex.

The Canadian labour market has weakened significantly since the beginning of the year with the unemployment rate hitting 7% in May—but it may be reaching a bottom soon. Slowing has been significant, but is concentrated in sectors and regions most exposed to international trade headwinds. Manufacturing lost 55,000 jobs since January and the unemployment rate The post Softening Canadian Labour Market May Be Reaching a Bottom appeared first on Action Forex.

Markets remain very much in limbo when it comes to US tariffs and trade negotiations. However, looking at risk assets and US equities in particular, one would none the wiser as to the bevy of risks that lie ahead. Let us take a look at what we can expect from Q3. S&P 500 Prints Fresh The post S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns appeared first on Action Forex.

Markets US president Trump upped the ante ahead of a potentially important weekend. Trade talks take center stage and will continue to do so next week now Trump’s BBB made it through Congress. The deadline for the temporarily reduced import levies (to the 10% baseline) lapses July 9th but so far only the UK and The post Sunset Market Commentary appeared first on Action Forex.

Gold was firmer on Friday morning and recovered a part of post-NFP losses. The metal is on track for a weekly gain after being in red for two consecutive weeks that adds to positive signals, as the price remains at the upper side of larger consolidation range ($3500/$3120). Negative impact from upbeat US labor data The post GOLD – Bullish Bias Above $3325, US Fiscal Uncertainty Underpins appeared first on Action Forex.