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This week, financial markets are focused on the FOMC interest rate decision, as well as key economic indicators such as CPI and PPI. The Fed’s decision comes on the heels of rate cuts by the ECB and BOC, with expectations of a hold on rates in June. Investors are also looking for signals from the […]

The post US CPI and FOMC Rate Decision – EUR/USD and USD/JPY Technical Analysis appeared first on Action Forex.

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16/04/2024

Mixed Signals Indicate China Still Muddling Through

In focus today We continue to follow the developments in the Middle East after Iran’s strike on Israel in the weekend. It will be key to watch for signals on the extent of an Israeli retaliation. So far, Israel has said it will “exact a price” from Iran, while the US, France, and the UK […]
20/01/2024

GBPJPY Charts New High But With Caution

GBPJPY loses momentum after charting new high Downside moves likely; resistance within 188.00-189.00 area GBPJPY ascended almost vertically after touching its 200-day simple moving average (SMA) at the start of January, erasing its latest bearish wave to print a new higher high of 188.90 on Friday—the highest level since August 2015. The 188.00 round level remains […]
28/06/2024

Week Ahead – French and UK Elections on the Horizon, US Jobs Report Eyed Too

France and UK go to the polls; will elections bring chaos or order? US payrolls report for June awaited as Fed hawks don’t budge Eurozone CPI, Fed minutes and ECB forum also on investors’ radar Macron’s gamble set to backfire Political risks came back to haunt the euro in June as the resurgence in popularity […]