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Key insights from the week that was. In the absence of any major data or events in Australia this week, markets continued to ponder the likely timing and shape of the RBA’s easing cycle, eventually pricing in only about two and a half 25bp interest rate cuts by the end of 2025. These developments mirrored […]

The post Cliff Notes: Calm Before the Storm appeared first on Action Forex.

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26/08/2024

Yen Soars as Powell Signals Rate Cuts on the Way

The Japanese yen has started the week with slight gains. In the European session, USD/JPY is trading at 144.15, down 0.16% on the day at the time of writing. On Friday, the yen shot up 1.3%, as the US dollar was pummeled by the major currencies following Federal Chair Jerome Powell’s speech at the Jackson […]
12/03/2024

EURJPY Drops Below Ascending Channel

EURJPY descends below ascending channel But 50-day SMA prevents further retreats Momentum indicators are tilted to the downside EURJPY has been in a steady advance since December 2023, peaking at the 2024 high of 163.70 on February 27. Since then, the pair has been undergoing a minor correction breaking below the lower end of its upward sloping […]
12/06/2024

After Macron’s Election Gamble, Is Political Risk a New Headwind for the Euro?

Snap elections in France spur panic in euro and French stock market Doubts about Germany’s coalition add to euro’s woes Is political instability about to become a persistent risk for the euro? Europe steers to the right Financial markets don’t usually pay so much attention to elections for the European Parliament, as national governments are […]