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The week ahead will be packed with significant economic events, so the market behaviour could turn into quite a bumpy ride this week. On Wednesday morning, the Bank of Japan will announce its rate decision and the parameters of its balance sheet asset purchase programme. On average, the purchases are expected to be halved, but […]

The post Central Bank Meetings This Week Are Reason for Volatility appeared first on Action Forex.

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21/12/2023

USD/JPY Eyes Inflation, BoJ Minutes

Japan’s core inflation expected to slow to 2.5% US GDP expected to confirm estimate of 5.2% The Japanese yen is in positive territory on Thursday. In the European session, USD/JPY is trading at 142.85, down 0.61%. Later today, the US releases third-estimate GDP for the third quarter, which is expected to confirm that the economy […]
15/03/2024

Euro Stabilizes, ECB Starts Talking Rate Cuts

The euro is steady on Friday, after sustaining sharp losses a day earlier due to the US inflation report. In the North American session, EUR/USD is trading at 1.0893, up 0.09%. ECB members signal rate cuts coming The European Central Bank maintained the deposit rate at 4.0% for a fourth straight time at last week’s […]
24/07/2024

AUD/USD Declines: Market Insights on the Tumble

Key Highlights AUD/USD declined heavily from the 0.6800 resistance zone. It traded below a key bullish trend line with support at 0.6725 on the 4-hour chart. EUR/USD started a downside correction below the 1.0880 level. Oil prices turned red and declined below the $78.50 level. AUD/USD Technical Analysis The Aussie Dollar saw a strong bearish […]