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Chinese authorities think that the country could achieve its 5% growth target with the stimulus measures that have already been announced, but investors not much so. On the contrary, the investor community was expecting that the government would announce a fiscal package of as much as 3 trillion yuan to complement the latest monetary measures […]

The post Oil’s Short-Term Risks Remain Tilted to the Upside appeared first on Action Forex.

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China Indices Suggest Ongoing Doubts of Efficacy and Amount of Stimulus

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Analysis of XAU/USD: Gold Price Drops to a Two-Week Low

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05/01/2024

USD/JPY Regains Strength Ahead of US NFP Report

Key Highlights USD/JPY started a recovery wave above the 142.00 resistance. It broke a major bearish trend line with resistance at 142.60 on the 4-hour chart. Bitcoin price recovered losses, but it might struggle above $43,800. The US nonfarm payrolls could change by 170K in Dec 2023, down from 199K. USD/JPY Technical Analysis The US […]
11/05/2024

Weekly Economic & Financial Commentary: The Calm Before the Storm

Summary United States: The Calm Before the Storm Was it an unwillingness to share the limelight with the world’s central banks or just a quirk of the domestic economic calendar? Either way, it was an extraordinarily light week for U.S. economic data. Next week: Consumer Price Index (Wed.), Retail Sales (Wed.), Industrial Production (Thu.) International: […]
04/01/2024

AUD/JPY Price Analysis: Sees Modest Gains as Buyers Target 97.00

AUD/JPY edges down to 96.35 after a 0.46% gain, with bullish-harami pattern suggesting potential upside momentum. Buyers aim for the January 2 high of 96.71 and the 97.00 mark, with subsequent resistance levels at 97.67 and 98.00. If the upside is capped, sellers might target Senkou Span B at 96.14 and Kijun Sen at 95.90, […]