Logo-color Logo-white

US 500 index still confirms a strong upside tendency MACD and RSI in positive territories Next resistance at 161.8% Fibonacci extension The US 500 cash index has been in a prolonged uptrend since the end of October, posting a fresh all-time high of 4,858 earlier today. After a period of rangebound trading, the pair stormed […]

The post US 500 Index Skyrockets to New All-time High appeared first on Action Forex.

previous

BoJ Poised to Offer Guidance on the Removal of Short-Term Negative Rates May Spark JPY Strength

next

Brent Crude Oil Prices Inch Upwards Amid Demand Speculations

Read More

12/07/2024

Analysis of USD/JPY: Was There an Intervention?

Yesterday’s news of slowing inflation in the US sharply weakened the dollar, anticipating the Federal Reserve’s monetary easing. In the first 15 minutes after the data release: → EUR/USD rose by approximately 0.45% to the psychological level of 1.09; → GBP/USD increased by approximately 0.55%, reaching a 2024 high. Conversely, USD/JPY fell, with a more […]
23/08/2024

Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY

The Japanese Yen has seen significant volatility in recent weeks, influenced by factors like US Dollar recovery and mixed Japanese economic data. USD/JPY shows potential for retesting the 150.00 level, with resistance at 146.37 and support around 143.60. EUR/JPY mirrors USD/JPY’s movements, with resistance at 163.50 and the potential for a 200-pip rally if it […]
09/12/2023

Bank of England Preview – We Still Favour the Topside in EUR/GBP

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 14 December, which is in line with current market pricing.  Overall, we expect the MPC to stick to its previous guidance emphasising the “higher for longer” approach and pushing back on market pricing of rate cuts. We expect a […]