Logo-color Logo-white

Markets The yen showed some huge intraday swings today. USD/JPY rose beyond 156 and was moving quickly towards 157 next. A violent countermove then pushed it back to the 155 figure only to trade back at the highest level of the day (and 34 years) just south of 157. It’s the kind of move you […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

False Alert with Yen Interventions?

next

The Weekly Bottom Line: Canada – Rate Cuts on the Horizon

Read More

08/06/2024

Fed Set to Hold Rates as Inflation and Other Indicators Show Mixed Signals

Wednesday’s U.S. Consumer Price Index data and the Federal Reserve’s interest rate decision will be in focus after the Bank of Canada and European Central Bank cut rates the week before. The Fed is not expected to follow suit—at least not right now. We expect U.S. CPI growth numbers out in the morning before the […]
05/03/2024

WTI Oil Price Reaches 4-month High Against the Backdrop of OPEC+ Decision

On Friday, the price of a barrel of WTI crude oil exceeded USD 80 per barrel due to the decision to continue the policy of reducing oil production by OPEC+ countries. Saudi Arabia said on Sunday it would extend oil production cuts until June to “maintain stability and balance in oil markets,” an official statement […]
25/06/2024

Dollar Declines: How Deep Could the Correction Be?

By the end of last week, the American currency traded rather mixed: The USD/JPY currency pair strengthened by more than 200 pips and almost tested the significant resistance level at 160.00. The USD/CAD pair failed to break out of the medium-term flat corridor of 1.3740-1.3620. Sellers of the pound in the GBP/USD pair tried to […]