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The Japanese yen continues to make inroads against the US dollar. In Monday’s European session, USD/JPY is trading at 146.54, down 0.35%. The yen notched its fourth straight winning day on Friday and surged 2% last week. Japan’s GDP revised upwards to 0.1% Japan’s GDP for the fourth quarter was revised upwards to 0.1%, compared […]

The post Japanese Yen Rally Continues as GDP Ticks Higher appeared first on Action Forex.

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29/04/2024

Gold Weakens Its Momentum

Gold holds near the 20-day SMA Oscillators are heading south Gold prices are moving back and forth of the 2,320 barrier and the 20-day simple moving average (SMA), while remaining in a positive territory. However, the technical oscillators are weakening their momentum. The MACD is standing beneath its trigger line above the zero level, while […]
14/05/2024

EUR/USD Steady as German Confidence Index Rises

The euro is drifting on Tuesday. EUR/USD is up 0.07% on Tuesday, trading at 1.0798 in the European session at the time of writing. German inflation steady, confidence higher Germany’s inflation rate remained unchanged in April at 2.2% y/y, matching the market consensus. Services inflation slowed but this was offset by higher food prices. Monthly, […]
23/08/2024

Being Data-Dependent in an Uncertain World

The RBA Board is uncertain, including about the staff’s judgements about demand and supply. But is being data-dependent any better? Much has been made of the number of times the word ‘uncertainty’ or its variants appeared in the minutes of the RBA Board meeting in August. Perhaps more noteworthy was the increase in the number […]