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The chip makers around the world felt the relief of a rumour suggesting that the sales curb to China could be less severe than previously expected. But the news didn’t necessarily translated in a strong rally. ASML – Europe’s biggest chip equipment maker that predicted a 30% fall to its Chinese revenue next year – […]

The post USD/JPY Tips a Toe Below 150.00 Euro CPI in Focus appeared first on Action Forex.

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06/05/2024

How Low Can USDJPY Go?

USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over 4.5% from a peak of 160.2 at the start of trading on Monday. Behind the pair’s rise is a long-term fundamental factor: a huge and widening interest rate differential with a shrinking trade surplus. Currency interventions of the Japanese Ministry […]
01/07/2024

Euro, European Equities Rally, But French Election Tempest Far From Over

Yes, Mesdames et Messieurs, the first round of the French legislative election went totally according to the plan for Marine Le Pen’s Nationally Rally which secured one vote over three and became the first far-right party to top the legislative elections in France. The New Popular Front – the alliance of left and greens – […]
11/03/2024

Big Inflation Week Kicks Off

In focus today Today is a relatively quiet day on the global data front. In Denmark, CPI inflation is released for February. We expect that inflation decreased to 1.0% y/y in February from 1.2% y/y in January, largely driven by food prices as the February price surge from last year no longer features in the […]