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Markets Geopolitics as a market theme tend to have a limited shelf life but investors this time really took it to the next level. Except for some minor bourse losses in Asia, Iran’s retaliatory attacks against Israel didn’t trigger the slightest risk aversion in Europe, quite the contrary. The EuroStoxx50 adds 1.5% and Wall Street […]

The post Sunset Market Commentary appeared first on Action Forex.

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25/04/2024

USDJPY Advances to Fresh 34-year High

USDJPY trades at its highest level since April 1990 Momentum indicators flag extremely overbought conditions For now, Japanese authorities seem reluctant to intervene USDJPY has been in a steady uptrend after finding its feet near the 200-day simple moving average (SMA) in early March. On Thursday, the pair posted a fresh 34-year peak, extending its rally within […]
15/02/2024

JP 225 Index in Sight of Historic Peak

JP 225 index approaches its 1989 record high Bulls might be exhausted as overbought signals detected Japan’s 225 stock index (cash) marked another green day on Thursday despite GDP figures pointing to a recessionary economy, extending its weekly bull run closer to the 1989 record high of 38,915. While the upward pattern has shown no […]
22/01/2024

USD/JPY Flat Ahead of BoJ Announcement

Bank of Japan to make announcement on Tuesday The Japanese yen is in a holding pattern on Monday as the Bank of Japan holds a two-day meeting today and Tuesday. In the European session, EUR/USD is trading at 148.05, down 0.08%. The yen has been on a rollercoaster in recent weeks. In December, the yen […]