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Key insights from the week that was. On Budget 2024-25, our bulletin and conversation with Chief Economist Luci Ellis provides a full view of the Government’s fiscal position and economic plan to 2028. In terms of policy initiatives, the focus was split between immediate cost of living relief for households and long-term plans to expand […]

The post Cliff Notes: Short-Term Risks and Long-Term Opportunity appeared first on Action Forex.

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28/06/2024

USD/JPY Bulls Reign Supreme: Insights Into The Bullish Trend

Key Highlights USD/JPY rallied and tested the 160.80 zone. A major bullish trend line is forming with support at 159.80 on the 4-hour chart. EUR/USD is consolidating above the 1.0670 support zone. GBP/USD spiked lower toward 1.2600 before it recovered some losses. USD/JPY Technical Analysis The US Dollar remained in a strong uptrend above the […]
03/04/2024

EUR/USD Drifting as Eurozone Inflation Drops

The euro is showing little movement on Wednesday. In the European session, EUR/USD is trading at 1.0777, up 0.05%. Eurozone inflation ticks lower Inflation in the eurozone continues to decline. March CPI eased to 2.4% y/y, down from 2.6% in February and below of the market estimate of 2.6%. This matched November’s 28-month low and […]
28/06/2024

USD/JPY Flat, Tokyo Core CPI Higher Than Expected

Japanese yen pushes above 161 The Japanese yen is unchanged on Friday, but has managed to set a new low against the US dollar. The yen is trading at 160.72 in the European session and fell as low as 161.28 earlier, its lowest level since 1986. Tokyo Core CPI accelerates to 2.1% Tokyo core CPI, […]