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USDJPY dips further on Monday, adding to signals that corrective phase off 141.68 (Aug 5 spike low) is likely over. Upleg from 141.68 was repeatedly capped at pivotal Fibo barrier at 149.36 (38.2% retracement of 161.80/141.68) with subsequent weakness being sparked by renewed risk appetite. Yen also appreciates on signals that gap between policies of […]

The post USD/JPY Outlook: Japanese Yen Regains Traction vs Dollar on Renewed Expectations for Dovish Fed appeared first on Action Forex.

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EUR/USD Outlook: Break Above 1.1000 Adds to Bullish Outlook, Limited Dips Should Be Anticipated

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Could Eurozone PMI Surveys Cement September ECB Rate Cut?

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19/09/2024

Sunset Market Commentary

Markets The Bank of England left its policy rate unchanged at 5% in a 8-1 majority vote. Swati Dhingra dissented in favour of a 25 bps rate cut, on the back of last month’s inaugural move. The central bank also announced an intention to reduce the stock of UK government bond purchases held for monetary […]
30/04/2024

Euro Area Inflation in the Spotlight

In focus today Today, focus is on euro area inflation for April. Inflation has declined significantly in recent months but the underlying momentum in service inflation has picked up. We expect inflation will remain unchanged at 2.4% y/y due to food inflation and rising energy inflation while core inflation should decline to 2.6% y/y. This […]
03/05/2024

Could BoE Adopt a More Dovish Stance on Thursday?

The BoE meets on Thursday; no interest rate change is expected Quarterly projections could support market expectations for rate cuts Pound in need of a boost against the euro Decision time for the BoE The Bank of England will hold its third gathering for 2024 on Thursday. The press statement, the meeting’s minutes and the […]