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USDJPY sets the ground for a bullish reversal, but it’s still trapped below key resistance Technical signals cannot rule out more bearish actions; sellers wait below 140 Fed to deliver its first rate cut in four years at 18:00 GMT USDJPY turned green on Tuesday, marking its best daily session in a month after securing […]

The post USDJPY Poised for a New Bullish Wave; Will It Succeed? appeared first on Action Forex.

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10/09/2024

GBP/USD Rises on Robust Labor Data – Challenges Ahead for the BoE

UK labor data beats expectations, with regular pay rising by 5.1% and employment increasing by 265k. BoE faces challenges in balancing strong employment figures with moderating wage growth and rate cut hopes. US CPI and PPI, and BoE Deputy Governor Sarah Breeden’s comments, could impact GBP/USD’s trajectory. The GBP benefitted following a positive UK labor […]
13/03/2024

Hotter-Than-Expected Inflation Will Likely Call for Caution at Next Week’s FOMC Meeting

Inflation in the US accelerated, not only in terms of monthly headline figure but everywhere, both core and headline, and both yearly and monthly figures came in hotter-than-expected. While gasoline prices counted among the major drivers of monthly inflation, shelter, electricity, used cars, air travel and clothes remained the major drivers of inflation on a […]
27/05/2024

Will Gold Resume Its Prevailing Uptrend?

Gold stabilizes after last week’s sharp slide Oscillators point to corrective phase A break of record high could challenge $2,500 For the outlook to change, a dip below $2,145 may be needed Gold stabilized on Friday and is recovering ground today, following a decent drop from its record high at around $2,450 on May 20. […]