Logo-color Logo-white

USD/JPY trades in positive territory for two straight days on Wednesday. The US final Manufacturing PMI for December came in weaker than expected, easing from 48.2 to 47.9. BOJ’s Ueda said that the possibility of the BoJ sustainably achieving the inflation target seems to be gradually rising. Investors await the final US ISM Manufacturing PMI […]

The post USD/JPY Holds Positive Ground Above 142.00, Eyes on US PMI, FOMC Minutes appeared first on Action Forex.

previous

EUR/USD Holds Below Mid-1.0900s Ahead of US PMI, FOMC Minutes

next

GBP/USD Dips Again, 200 SMA Is The Key To Fresh Increase

Read More

23/08/2024

All Eyes on Powell’s Jackson Hole Speech

US stock markets sold off yesterday, as investors trimmed their long positions walking into Federal Reserve (Fed) Chair Jerome Powell’s Jackson Hole speech due later today – where he is expected to douse the jumbo rate cut expectations because there is no reason for the Fed to start cutting the interest rates by big chunks […]
15/03/2024

RBA Could Maintain a Degree of Hawkishness

RBA will meet on Tuesday, cash rate is expected to be kept unchanged Market wants a dovish show, but RBA could remain somewhat hawkish Aussie could benefit against the US dollar from a hawkish gathering Decision to be announced at 03.30 GMT, press conference one hour later The Reserve Bank of Australia meets on Tuesday […]
26/03/2024

XAU/USD: Gold Retests $2200 Barrier on Renewed Safe-haven Demand

Gold price jumped on Tuesday and retested psychological $2200 barrier, inflated by weaker dollar on improved sentiment about Fed rate cuts and persisting geopolitical risks. Market awaits release of US inflation data, due later this week, which could bring fresh hints about timing of the start of rate cuts. Fresh strength attacks the ceiling of […]