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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.

The GBP/USD pair is undergoing a correction, moving towards 1.1627 on Friday, marking its lowest level since 23 June this year. Strong US jobs data puts pressure on the pound The pound came under renewed pressure after the release of a strong US employment report, which boosted demand for the US dollar. Earlier in the The post British Pound Retreats After Recent Rally appeared first on Action Forex.

Eurozone PPI fell -0.6% mom in May, in line with market expectations, as falling energy costs drove the decline. On an annual basis, PPI decelerated from 0.7% to 0.3% yoy. Energy prices dropped -2.1% mom on the month, while prices for intermediate goods slipped -0.1% mom. In contrast, prices for durable and non-durable consumer goods The post Eurozone PPI falls -0.6% mom in May, weak pipeline inflation appeared first on Action Forex.

USD/CAD fails to rebound despite stronger US nonfarm payrolls. Bearish trend likely to continue; next support near 1.3455. USD/CAD could not successfully capitalize on stronger-than-expected US nonfarm payrolls, ultimately closing marginally lower on Thursday. The passage of Trump’s megabill in the Republican-controlled House of Representatives – expected to increase fiscal debt by more than $3 The post USD/CAD Shrugs Off Upbeat US Jobs Data appeared first on Action Forex.

Today, financial markets in the United States are closed in observance of Independence Day. Investor sentiment was likely buoyed by the latest rally in the S&P 500 index (US SPX 500 mini on FXOpen), which set a new all-time high yesterday, surpassing 6,280. The bullish momentum has been driven by robust labour market data in The post S&P 500 Hit Record High Ahead of Holiday Break appeared first on Action Forex.

ECB President Christine Lagarde said Euro can only rival the US Dollar’s dominance in global finance if European Union leaders commit to improving productivity and internal efficiency. In an interview with German broadcaster ARD, Lagarde called on EU policymakers to reduce trade barriers within the bloc and simplify regulatory frameworks. “Political leaders need to engage The post ECB’s Lagarde urges reforms to boost Euro’s global standing appeared first on Action Forex.

Daily Pivots: (S1) 196.40; (P) 197.25; (R1) 198.75; More… GBP/JPY is staying in consolidations below 198.78 and intraday bias remains neutral at this point. Another dip might be seen but outlook will stay bullish as long as 193.99 support holds. Above 198.78 will resume the rise from 184.35 to 199.79 resistance. Break there will target The post GBP/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 169.60; (P) 170.10; (R1) 170.90; More… EUR/JPY’s rally resumed after brief consolidations and met 100% projection of 154.77 to 164.16 from 161.06 at 170.45 already. Intraday bias is back on the upside. Sustained trading above 170.45 will extend the rise from 154.77 to 138.2% projection at 174.03. On the downside, however, break The post EUR/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 0.8591; (P) 0.8624; (R1) 0.8642; More… Intraday bias in EUR/GBP is turned neutral with current retreat, and some consolidations could be seen below 0.8668 temporary top. Further rally is expected as long as 0.8506 support holds. Above 0.8668 will resume the rally from 0.8354 to retest 0.8737 high. Decisive break there will The post EUR/GBP Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 1.7857; (P) 1.7912; (R1) 1.7947; More… EUR/AUD is staying in tight range below 1.7989. Intraday bias stays neutral and more consolidations could be seen. Further rally is expected as long as 1.7626 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 The post EUR/AUD Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 0.9328; (P) 0.9346; (R1) 0.9370; More…. EUR/CHF is still bounded in sideway trading and intraday bias remains neutral. On the downside, decisive break of 0.9306 support will turn bias to the downside for retesting 0.9218 low. On the upside, break of 0.9428/45 resistance zone will resume the rebound from 0.9218. In the The post EUR/CHF Daily Outlook appeared first on Action Forex.