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The EUR/USD pair is trading neutrally around 1.0510 as market participants adopt a cautious stance ahead of the Federal Reserve’s upcoming decision on interest rates. With the December meeting set to begin tonight and conclude tomorrow, all eyes are on the potential rate adjustment. The prevailing expectation is a 25 basis point cut, with a […]

The post EUR/USD Holds Steady Ahead of Crucial Federal Reserve Meeting appeared first on Action Forex.

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20/09/2024

USD/JPY Surges as Bank of Japan Stays Pat

The US dollar has posted sharp gains on Friday. In the European session, USD/JPY is trading at 143.85, up 0.88% at the time of writing. The yen hit a 14-month high on Monday but the dollar has rebounded and is up 2.1% this week. It’s an unusually quiet Friday with no US events on the […]
07/06/2024

USD/JPY Could Soon Rally, US NFP Report Next

Key Highlights USD/JPY is eyeing an upside break above the 156.40 resistance. A major bearish trend line is forming with resistance at 156.60 on the 4-hour chart. EUR/USD is gaining pace above the 1.0880 resistance. Gold prices recovered above the $2,350 resistance zone. USD/JPY Technical Analysis The US Dollar remained well- supported above the 154.50 […]
15/07/2024

Bullish Pound Eyes $1.30 Ahead of UK Inflation Test

June CPI numbers the highlight of this week’s UK data flurry Could the Bank of England cut interest rates next month? Pound undeterred as it extends July gains Job stats and retail sales to follow Wednesday’s CPI report (06:00 GMT) On target Inflation in the UK peaked much higher than in other major economies during […]