Logo-color Logo-white

We are heading into a busy week with major central bank decisions. The Federal Reserve (Fed), the Bank of England (BoE) and the Bank of Japan (BoJ) will announce their latest policy verdicts this week. The Brits and the Japanese are expected to remain seated on their hands and the Fed will certainly lower its […]

The post Big Week for Central Banks appeared first on Action Forex.

previous

Market Positioning Driven by Considerations on What Could/Should Be Appropriate Fed Tactics

next

Gold Flies to Fresh All-Time High Near 2,600

Read More

13/02/2024

Are EURCHF Bulls Ready for a Breakout?

EURCHF trades higher, tests key resistance trendline Strong upmove in place since late January Momentum indicators support the current upleg EURCHF is trying to record its eighth consecutive green candle since the January 31 trough. It is now testing the resistance set by the June 9, 2022 downward sloping trendline and the upper boundary of […]
02/07/2024

Stocks Held Back Crypto Gains

Market picture The crypto market retreated by 0.6% in 24 hours to a total cap of $2.31 trillion. The cautious mood can be attributed to a downward move in US and European stock markets and the momentum of a stronger dollar. However, the dynamics of coins are not homogeneous. The decline of more than 1% […]
12/03/2024

USDJPY: Samurai Weighing the Next Move

USDJPY is bouncing back after five trading sessions where it fell by a cumulative 2.5%. On daily timeframes, the pair’s subsequent move after the pause allows us to determine further medium-term trends. The weakening of the dollar accompanied the pair’s decline since the end of last month, but it can also be seen as a […]