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Markets We can’t but start with the Japanese yen again. Including this morning’s price action, USD/JPY (151.57) is an inch away from the 2022 multi-decade yen lows (at 151.95). EUR/JPY (164.68) already surpassed the 2023 high to trade at the strongest level since 2008. The cautious exit by the BoJ from ultra-easy monetary policy completely […]

The post Fed Risks Tilted Towards Hawkish Surprise appeared first on Action Forex.

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USD: FOMC Meeting Takes Centre Stage

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12/04/2024

EURUSD Has Bucked the Trend, Threatening to Fall Below Parity

EURUSD is losing 1.9% from Wednesday’s peak to a five-month low at 1.0650. US inflation data and ECB comments highlight the divergence of Fed and ECB monetary policy. Wednesday’s US inflation report appears to have set the trend for the dollar, taking it out of a more than four-month wander around its 200-day moving average. […]
06/06/2024

ECB Starts Cuts Earlier and May Move Faster Than Fed

The European Central Bank cut all three of its key interest rates by 25 points, which is in line with market expectations. The ECB has kept rates unchanged for the past nine months and tightened policy from July 2022 to September 2023, raising rates by a combined 450 basis points. In May, overall eurozone inflation […]
06/09/2024

Gold Wave Analysis

Gold reversed from support level 2475.00 Likely to rise to resistance level 2535.00 Gold recently reversed up from the support level 2475.00 (former monthly high from July, which has been reversing the price from August) standing near the 38.2% Fibonacci correction of the upward impulse C from the start of August. The upward reversal from […]