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Japanese yen loses ground ahead of BoJ decision on Tuesday ECB meets on Thursday, will it push back against rate cut bets? Bank of Canada decides too, while the US releases GDP stats BoJ unlikely to rescue battered yen The Japanese yen started the new year on the wrong foot, losing 5% of its value […]

The post Week Ahead – ECB and BoJ Meetings in the Spotlight appeared first on Action Forex.

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06/08/2024

An Unlikely Buying Opportunity for US Indices

There is a classic risk aversion in the markets, reminiscent of what we saw some 16 years ago in 2008. The sell-off in U.S. markets does not look extreme yet, although Japanese markets are recording their worst day since Black Monday 1987, and trading has been suspended in Korea, Turkey and Taiwan. The spike in […]
29/12/2023

Week Ahead – US Jobs Report and Eurozone Inflation to Kickstart the New Year

NFP report and Eurozone CPI will be the week’s focal point on Friday FOMC minutes and ISM PMIs will also be crucial for the US dollar Canadian employment and Chinese PMIs might attract attention too Rate cut bets in overdrive It’s been one big rollercoaster ride for the US dollar in 2023, as hopes of […]
13/12/2023

EUR/USD – Fireworks Expected from the Final Fed Meeting of the Year

Fed expected to leave interest rates unchanged Forecasts and dot plot key as markets price in four rate cuts next year EURUSD hovers around 50 Fib The final Fed meeting of the year could also be the most eventful, with the central bank likely to acknowledge it’s done with tightening and even signal rate cuts […]