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The week kicked off with a pause in the equity rally on both sides of the Atlantic Ocean. Nikkei index is mostly flat on Tuesday and the yen consolidates above 151 following yesterday’s threat from a Japanese official about a potential intervention to stop excessive bleeding in the yen. The Japanese will likely intervene if […]

The post FTSE 100 to Benefit from Improved Commodity Appetite appeared first on Action Forex.

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GBP/USD – Upsides Could Be Capped Near 1.2700

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XAU/USD: Gold Retests $2200 Barrier on Renewed Safe-haven Demand

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02/02/2024

USDCHF Wave Analysis

USDCHF reversed from resistance level 0.8680 Likely to fall to support level 0.8460 USDCHF currency pair recently reversed down from the key resistance level 0.8680, former strong support from August and December. The resistance level 0.8680 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the sharp downward impulse […]
03/06/2024

EUR/USD: Eases on Weaker Demand, Markets Await ECB’s Verdict

The Euro started to lose traction in European trading on Monday, adding to initial warning from Friday’s daily candle with long upper shadow, which was formed after strong upside rejection. Initial signal of two-day recovery stall was boosted by a double-top formation on hourly chart (1.0858). Fresh weakness needs to clear pivotal support at 1.0825 […]
17/06/2024

For EUR/USD, Further Decline to 1.06 Support the Path of Least Resistance

Markets The French/Macron-driven risk-off continued to rage across European markets last Friday. European risk premia again leaped aggressively higher. After a protracted period of underperformance against swap, German Bunds fully picked-up their traditional safe haven role. German yields declined between 10.7 bps (5-y) and 14.1 bps (30-y), a move that is difficult to link to […]