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Swiss National Bank (SNB) decision anticipated, markets split on 25 or 50 basis point rate cut. Strong Swiss Franc pressures exporters, raising expectations of FX intervention. SNB’s comments on Franc and intervention will be key to future price movements. SNB Preview: FX Intervention Ahead? Market participants are awaiting the next major Central Bank decision which […]

The post Swiss National Bank (SNB) Preview – FX Intervention Chatter, USD/CHF Eyes Range Breakout appeared first on Action Forex.

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25/04/2024

JPY Weakness Extends

In focus today In the US, today’s focus will be on Q1 flash GDP data, where consensus expects growth to moderate to 2.4% Q/Q AR (Q4 3.4%). Private consumption has remained on a gradually cooling, yet steady trend, while private manufacturing investments and public state and local investments are still supported by past stimulus measures. […]
22/03/2024

USD/JPY Could Extend Rally As Dips Turn Attractive

Key Highlights USD/JPY rallied above the 148.80 and 150.00 resistance levels. A connecting bullish trend line is forming with support at 150.50 on the 4-hour chart. Crude oil prices corrected gains and traded below $81.50. Bitcoin attempted a fresh increase above the $65,000 resistance zone. USD/JPY Technical Analysis The US Dollar started a major increase […]
12/12/2023

Nasdaq-100 Wave Analysis

Nasdaq-100 broke resistance level 16000.00 Likely to rise to resistance level 16500.00 Nasdaq-100 index recently under the bullish pressure after the price broke above the round resistance level 16000.00, which stopped the weekly uptrend earlier this year, as can be seen below. The breakout of the resistance level 16000.00 accelerated the active intermediate impulse wave […]