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JP 225 index reclaims August’s loss Short-term risk is on the positive side Will the bulls breach the 38,600-39,950 area too? Japan’s 225 stock index (cash) is trading with soft positive momentum on Thursday for the second consecutive day, hitting a three-week high of 38,421. The index has  reversed more than half of its July-August freefall and […]

The post JP 225 Index: Is There More Upside on the Horizon? appeared first on Action Forex.

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05/04/2024

GBPJPY Trades Lower Ahead of Key Market Events

GBPJPY is in the red again today, not far from its recent high It has dropped below the January 2, 2024 ascending trendline Momentum indicators are in waiting mode for the next key market events GBPJPY is trading lower again today as the market is preparing for today’s US labour market report, which could play […]
06/06/2024

GBP/USD Shows Signs of Strength, 1.3000 Next?

Key Highlights GBP/USD gained pace for a move above the 1.2800 resistance. A major bullish trend line is forming with support at 1.2750 on the 4-hour chart. Gold prices are gaining pace above the $2,350 resistance zone. EUR/USD is aiming for a move toward the 1.0950 level. GBP/USD Technical Analysis The British Pound remained in […]
25/07/2024

Stock Routs Undermine the Image of Ethereum ETF Launch

Market picture The pressure on financial markets has spread to cryptocurrencies – the flip side of the long-desired easing of institutional access to the crypto market. The launch of the Ethereum ETF coincided with the most powerful drop in the Nasdaq index in months. The cryptocurrency market lost 3.5% in the last 24 hours, pulling […]