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In focus today We have a light schedule for today. In the euro area, focus is on German ZEW data for March. The assessment of the current economic situation is still very poor while the expectations component has increased significantly. Momentum in the German economy is weak, so it will be interesting to see if […]

The post BoJ Ends Negative Interest Rate Regime appeared first on Action Forex.

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04/06/2024

AUD/USD Analysis: US Dollar Rebounds from Decline

Yesterday, the PMI Manufacturing indices for several countries were published. The news turned out to be disappointing for the US – according to ForexFactory: → Final Manufacturing PMI: actual = 51.3; expected = 50.9; previous value = 50.9; → ISM Manufacturing PMI: actual = 48.7; expected = 49.8; previous value = 49.2; This led to […]
23/07/2024

FTSE 100 Consolidates, S&P 500 Faces Critical Test, Earnings Ahead

The FTSE 100 is currently consolidating, trading within a range, with the possibility of a significant breakout. Glencore and Anglo American experiencing declines while Compass reports strong revenue growth. The S&P 500 faces a critical resistance level that could shift market momentum, with Alphabet and Tesla’s earnings reports expected to influence investor sentiment. FTSE 100 […]
20/03/2024

Technical Outlook and Review

DXY: For DXY, aligning with the overall bullish momentum, there’s potential for a bearish reaction from the pivot level, possibly leading to a drop towards the 1st support. The pivot at 104.19 acts as an overlap resistance, suggesting a pivotal level where selling pressure may arise, supported by its historical significance. Additionally, the 1st support […]