Logo-color Logo-white

USDJPY hit new multi-decade high above 160 on Wednesday, as bulls regained control after a two-day consolidation. Fresh probe above psychological 160 barrier suggests that bids remain strong despite warning that Japan’s authorities may intervene to support weakening national currency, with 160 zone seen as a likely trigger. Strong bids were also signaled by long […]

The post USD/JPY: Probes Again Through 160.00 Barrier and Hits New Multi-Decade Highs appeared first on Action Forex.

previous

AUD/USD Surged, Buoyed by RBA Confidence and Inflation Ggrowth

next

GBP/USD Faces Downside Risk: What Traders Should Watch

Read More

08/08/2024

Soft-Landing, or No Soft-Landing, That is the Question: Part I

Part I: A New Toolkit to Predict Soft-Landings, Stagflation and Recessions Summary In this first part of a series of reports, we introduce a new toolkit to predict the probability of soft-landing, stagflation and recessionary episodes. Bernanke (2024) reviewed the Bank of England’s forecasting process for monetary policymaking, concentrating on the Bank’s forecasting and decision-making […]
26/07/2024

Sunset Market Commentary

Markets Markets finally took a breather this morning after recent sharp risk-off repositioning especially in equities and interest rates. However, it doesn’t feel as if a sharp, sustained countermove is already in store. Initial ‘gains’ in yields, gradually evaporated. Equities are rebounding about 0.75% (Eurostoxx50 & S&P500) but one has the feeling that some kind […]
06/06/2024

EURGBP Tests a Key Support Area

EURGBP edges higher today ahead of crucial ECB meeting Strong downside pressure in place despite UK elections being in the spotlight Momentum indicators are mostly mixed at this juncture EURGBP is trading higher today, a tad above its lowest level since August 2022, and in an extremely important support area that has repeatedly acted as […]