Logo-color Logo-white

USD/JPY is calm on Tuesday after the US dollar jumped 1.03% a day earlier. In the European session, the yen is trading at 143.76 at the time of writing, up 0.10%. Japan’s parliament elects Ishiba Prime Minister Japan’s political drama continued on Tuesday with the election of a new prime minister, Shigeru Ishiba. The ruling […]

The post Japanese Yen Slips as Powell Signals Small Cuts appeared first on Action Forex.

previous

EUR/USD Rate Accelerates Decline Following European Inflation News

next

Euro Extends Losses as Eurozone CPI Slows to 1.8%

Read More

25/03/2024

The Weekly Bottom Line: Counting Cuts

U.S. Highlights Markets let out a sigh of relief as the Fed’s Summary of Economic Projections reaffirmed expectations for three rate cuts this year. The Fed’s forecast for the economy is interesting, as it implies above trend growth in each of the next three years – despite interest rates that remain in restrictive territory. Forecasts […]
01/12/2023

USD/CAD Eyes Canadian Job Data, US PMI

Canada’s job growth expected to expand by 15,000 US ISM Manufacturing PMI projected to accelerate to 47.6 The Canadian dollar continues to gain ground against a slumping US dollar. In the European session, USD/CAD is trading at 1.3529, down 0.23%. The Canadian currency is poised to post a third straight winning week against the greenback […]
06/08/2024

Oil (CL) Should Continue Lower to Build an Impulsive Structure

Short Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and rally in wave (2) ended at 84.55. The commodity has turned lower in wave (3) with internal subdivision as another […]