Logo-color Logo-white

Friday’s economic data was yet another proof of the diverging fortunes between the US economy and the rest of the developed world. In the morning, the UK announced that its retail sales slumped for the second straight year, fueling the worries of a mild recession in the UK this year. But in the afternoon, Michigan’s […]

The post Busy Week Ahead: Tech Earnings and Central Bank Meetings appeared first on Action Forex.

previous

Weekly Economic & Financial Commentary: Consumers Just Keep Humming

next

New Year, Old Habits for the BoC?

Read More

19/06/2024

CADCHF Wave Analysis

CADCHF broke key support level 0.6465 Likely to fall to support level 0.6400 CADCHF currency pair under the bearish pressure after breaking the key support level 0.6465 (which started the impulse wave C in February). The breakout of the support level 0.6465 accelerated the active impulse waves 3 and iii, which belong to the higher […]
27/08/2024

A Chance for Dollar to Bounce Back

Current situation The Dollar Index closed last week at 100.55, its lowest level since July 2023. It has not been consistently below this level since April 2022. Technical analysis Although the change of monetary regime in the US is of fundamental importance, the bulls may launch a counterattack in the short term. On a weekly […]
25/04/2024

Japanese Yen Hits All-Time Low as BoJ Meeting Commences

The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level. This development comes as the Bank of Japan (BoJ) starts its two-day monetary policy meeting with widespread expectations that the interest rate will remain unchanged at zero. Investors are keenly watching for any aggressive signals from the BoJ, as further declines in […]