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The week kicked off with another bull run in Chinese stocks on further stimulus news. This time, three major cities announced to ease homebuying rules to prop up their housing market. The Chinese Communications Constructions surged another 7% following a stellar week, the CSI 300 added another 6% and is up by 25% since the […]

The post More Stimulus Before Holiday appeared first on Action Forex.

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The Wild Part of the Gold Rally

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An Eventful Week Ahead

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25/03/2024

Weekly Focus – Historical Central Bank Week: A Hike and A Cut in G10

The past week will go down in history as the Bank of Japan (BoJ) hiked the policy rate for the first time in 17 years while the Swiss National Bank (SNB) cut its rate, becoming the first G10 central bank to do so in the current cycle. The BoJ decided to set the overnight call […]
19/11/2024

Gold Wave Analysis

Gold reversed from key support level 2550.00 Likely to rise to resistance level 2650.00 Gold recently reversed up from the support zone located between the key support level 2550.00 (which also reversed the price in the middle of September), standing close to the lower daily Bollinger Band and the 50% Fibonacci correction of the upward […]
24/06/2024

Japanese Yen Grabs Most Attention This Morning

Markets The Japanese yen grabs most attention this morning. Dollar strength pushed USD/JPY last Friday above 159.50 following stronger-than-expected June PMI’s and the pair is still flirting with the 160 mark this morning (34-yr JPY low). This level prompted FX interventions to the tune of almost JPY 10tn by the Japanese Ministry of Finance at […]