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The GBPJPY pair, representing the exchange rate between the British Pound and the Japanese Yen, is a pivotal gauge of economic interactions between the United Kingdom and Japan. The British Pound is influenced by domestic factors such as political stability, financial data, and decisions of the Bank of England, particularly in terms of interest rate […]

The post News of the Week (July 29— August 2): GBPJPY Review appeared first on Action Forex.

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16/02/2024

Sunset Market Commentary

Markets The slew of eco data from the US came in mixed. February regional sentiment indicators including the Empire Manufacturing index and the Philly Fed business outlook were better than expected. Details showed improvement across almost all subseries, including 6-month forward looking gauges. We note the price gauges re-emerging. Weekly jobless claims also joined the […]
02/05/2024

USD/JPY: US Dollar Weakens After Statements from Federal Reserve Chair

Last night, the Federal Reserve’s decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to CNBC, during the conference, the Fed Chair almost ruled out a rate hike as the next step, emphasizing the monetary policy’s independence […]
12/03/2024

Sterling Loses Ground on Just-Below Consensus Labour Market Data

Markets Friday’s bearish engulfing pattern at record levels for the S&P 500 and Nasdaq (potential short term trend reversal) met with some more weakness in futures trading and at the opening bell, but follow-up losses remained contained to 0.11% and 0.41% respectively as some investors are still looking to buy into every minor dip. Adding […]