Logo-color Logo-white

The US Federal Reserve pushed back the first Fed funds rate cut and Fed Chair Powell indicated that the “highly anticipated” March rate cut is not the base case for now. The dovish Fed Pivot narrative is still alive as both the 2-year and 10-year Treasury yields continued to inch lower and closed near their […]

The post JPY Carry Trades Downside Pressure Reinforced Ex-post FOMC appeared first on Action Forex.

previous

Risk is Fed Powell Doesn’t Want to Sound Too Hawkish

next

WTI Wave Analysis

Read More

15/02/2024

Will Canadian CPI Data Offer Loonie Any Support?

Inflation in Canada has been stuck above 3.0% since the summer The Bank of Canada is keeping rate hike option on the table Yet, the loonie has been on the backfoot versus the dollar this year Will Tuesday’s CPI data (13:30 GMT) put BoC’s inflation fight back on track? The long fight to get inflation […]
20/01/2024

Week Ahead – ECB and BoJ Meetings in the Spotlight

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 […]
06/02/2024

Technical Outlook and Review

DXY: The DXY chart currently exhibits a bearish overall momentum, indicating a downward trend. According to the analysis, the price could potentially experience a bearish reaction off the 1st resistance and drop towards the 1st support. The 1st support level at 103.73 is identified as a pullback support, and it is reinforced by the presence […]