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US Jobs report all but confirms a December rate cut, with markets pricing in an 80% probability. Nasdaq nears 22,000 as US equities continue their strong performance, with the S&P 500 also hitting record highs. Global markets await US CPI and ECB decisions, with expectations of a 25 bps rate cut from the ECB. Focus […]

The post Markets Weekly Outlook – Central Bank Focus as US Inflation Looms appeared first on Action Forex.

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15/03/2024

USD/JPY: Stands at the Front Foot Ahead of BoJ and Fed Policy Meetings

USDJPY has so far retraced over 50% of the recent 150.88/146.48 drop, in steep recovery that extends into fifth straight day. Fresh strength emerged from profit-taking after the pair was sharply down on growing speculations that the BoJ would start tightening its monetary policy this month, with significant interest rate gap between two central banks, […]
28/03/2024

XAUUSD: In Supply Zone. How Far to Consider the Next Retracement?

Bearish scenario: Sell below 2200 / 2194 with TP1: 2190, TP2: 2180, and TP3: 2172 with S.L. above 2204 or at least 1% of account capital*. Nearest bullish scenario: Buy above 2197 with TP: 2200 and TP2: 2203, with S.L. below 2195 or at least 1% of account capital*. Apply trailing stop. Bullish scenario after […]
25/03/2024

Threat is the Only Way to Stop Yen Bleeding

The Bank of Japan’s (BoJ) decided to hike the interest rates for the first time after 17 years but the yen has been weakening since then, on fear that this would be a ‘one and done’ cut. As a result, not only that the yen bulls are nowhere to be found but some traders revised […]