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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.

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15/05/2024

NZDUSD Rallies Beyond Downtrend Line

NZDUSD rises above 200-day SMA too RSI and stochastics suggest more bullish moves NZDUSD is flying above the medium-term ascending trend line and the 200-day simple moving average (SMA), indicating a potential upside recovery. According to the technical oscillators, the RSI is heading north and is approaching the 70 level with strong momentum, while the stochastic is […]
12/04/2024

ETHUSD Finds Support at 50-day SMA

ETHUSD slides after recording 1-month peak But the 50-day SMA curbs its retreat Momentum indicators ease in positive zones ETHUSD (Ethereum) experienced a strong pullback from its 2024 peak of 4,090, dropping to as low as 3,060. This week, the price recorded a fresh one-month high of 3,410 before reversing lower to find solid support at the […]
17/10/2024

US: Retail Sales Came in Stronger Than Expected in September  

Retail sales rose 0.4% month-on-month (m/m) in September, higher than August’s 0.1% gain and ahead of consensus forecast calling for an increase of 0.3% m/m. Trade in the auto sector was flat for the month, as the marginal increase at automotive parts and accessory stores (0.5%) was wholly offset by the slight decline at motor […]