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The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter. GDP declined by 2% y/y in the first quarter, following a revised 0% reading in Q4 2023. This was […]

The post USD/JPY Steady as Japanese Economy Contracts appeared first on Action Forex.

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16/08/2024

GBP/USD Extends Gains as Retail Sales Bounce Back

The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It has been a winning week for the pound, which has climbed 1%. UK retail sales jump in July There was more good news from the UK […]
17/04/2024

Nikkei (NKD) Has Reached Support Zone

Short term Elliott Wave view in Nikkei Futures (NKD) suggests that rally to 40960 ended wave 3. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 40025 and wave (b) ended at 40805. Wave (c) lower ended at 39285 and this […]
22/04/2024

WTI Oil: Bears Regain Control as Fears of Conflict Escalation Fade

WTI oil price fell to the lowest in almost four weeks in early Monday, following a short-lived spike higher on Friday, sparked by Israel’s attack on Iran. The sentiment changed quickly to negative on fading signals of escalation of the conflict and traders shift focus to fundamentals, with rise in US crude inventories adding to […]