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The USDJPY pair has pulled back after reaching its highest level since mid-August, dropping to around 148.00 before recovering slightly. The Japanese Yen gained strength due to comments from Japan’s Vice Finance Minister for International Affairs, which raised concerns about potential market intervention. Additionally, global risk sentiment shifted, with rising geopolitical tensions in the Middle […]

The post JPY Pairs Approach Key Levels Rapidly appeared first on Action Forex.

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20/08/2024

Canadian Inflation Eases Further Towards BoC’s Target

Headline CPI inflation edged lower in July to 2.5% year-on-year (y/y), right on consensus expectations. This was the lowest reading since March 2021. The deceleration was driven by base year effects (lower price growth relative to last July) for items like travel tours (-2.8% y/y), passenger vehicles (-1.4% y/y) and electricity (-0.8% y/y). Offsetting this […]
16/04/2024

Sunset Market Commentary

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09/11/2024

Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus

Trump’s clean sweep saw a significant rise in the US Dollar and Yields. Can it continue? Data in focus next week, US CPI data is due with potential implications for Federal Reserve policy and interest rate decisions. US Dollar Index (DXY) breaks above key level of 105.00. Where to next for the Greenback? Week in […]