Logo-color Logo-white

GBPJPY extends steep downtrend by dropping 1.7% on Wednesday and on track for the biggest daily drop since 12 July 2023, after BOJ rate hike further boosted yen, while sterling remains deflated by growing expectations that BoE would deliver a 25 basis points rate cut tomorrow. Markets also focus on today’s Fed rate decision at […]

The post GBP/JPY Accelerates Lower After BoJ Rate Hike appeared first on Action Forex.

previous

Canada’s Economy Advanced in May, Modest Growth Expected in June

next

GBP/USD Eyes Rebound: Can It Regain Strength?

Read More

29/11/2023

US DJIA Technical: Bullish Impulsive Upmove Remains Intact

Shaped four consecutive weeks of positive higher closes since 27 Oct 2023 low of 32,310. Potential start of a major uptrend phase with next major resistance at 39,515. Watch 35,175 key short-term support to maintain minor uptrend phase from 10 November 2023 low. The price actions of the US Wall St 30 Index (proxy of […]
16/12/2023

Weekly Economic & Financial Commentary: A Win for the Doves

Summary United States: Consumers Maintain Spending Power Amid Slowing Price Growth Data released this week revealed that gradually easing price pressures are promoting consumer resilience, while high financing costs continue to bite producers. Although core CPI remained elevated in November at a 4.0% annual rate, a string of slower monthly prints suggests that disinflation has […]
22/03/2024

SNB First G10 Bank to Cut Rates

In focus today It should be a quiet finish to a very busy week for macro news. Today we will get the second wage tally from the Japanese “spring wage offensive”. It will be interesting to see if the solid pay hike in big business has rubbed off more broadly. Today we also look out […]