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While everyone is speculating on how the ongoing international trade war could worsen if Donald Trump returns to the White House, it was Joe Biden who delivered a blow to the market yesterday as his administration told allies that it’s considering severe restrictions if companies like the Japanese Tokyo Electron and Dutch ASML keep providing […]

The post USD Selloff Accelerates, ECB Meets appeared first on Action Forex.

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26/07/2024

Week Ahead – BoJ, Fed and BoE Meetings: A Hike, a Hold and a Cut?

A trio of central bank decisions coming up from the BoJ, Fed and BoE One might hike, one might stand pat and the other cut rates ECB to also be in focus as Eurozone flash GDP and CPI data are due Week will culminate with crucial US jobs report BoJ expected to taper; will it […]
25/06/2024

USD/JPY: Bulls Gesitate on Approach to 160.00 Barrier, Potential Intervention Trigger

USDJPY edges lower after hitting levels just ticks away from 160 barrier, which many see as a trigger for intervention, as Japan’s authorities intervened at the end of April when the pair cracked 160 barrier. Monday’s trading was closed in red for the first time in eight days, although long tail of daily candle suggests […]
25/03/2024

Chinese and Japanese Officials Started Offensive to Prevent Further Currency Losses

Markets The path of least resistance on yields markets on Friday still was south. Investors after Wednesday’s Fed meeting/press conference clearly saw the glass half empty, rather than half full. The dots suggested otherwise with both growth and inflation forecasts upwardly revised. However, markets drew ‘dovish comfort’ from the fact that the median dot for […]