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The yen is calm on Thursday after sharp losses a day earlier. In the European session, USD/JPY is trading at 148.88, down 0.28%. Fed minutes: next cut will likely be 25 bps The Federal Reserve released the minutes from the September meeting on Wednesday. That meeting was dramatic as the markets were uncertain right up […]

The post USD/JPY Steady After Fed Minutes appeared first on Action Forex.

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05/09/2024

WTI Crude Oil Wave Analysis

WTI crude oil broke key support level 71.40 Likely to fall to support level 68.00 WTI crude oil recently broke sharply below the key support level 71.40 (which has been repeatedly reversing the price from the start of February). The breakout of the support level 71.40 accelerated the active impulse wave c of the medium-term […]
05/07/2024

Gold Maintains Upward Trend as Market Anticipates US Jobs Data

Gold prices have continued their ascent, with a troy ounce of the precious metal reaching USD 2363. This rise is primarily fuelled by anticipated US employment data for June, which could significantly influence the Federal Reserve’s rate decisions. Recent US economic indicators, including a contraction in the service sector and weaker-than-expected private sector employment figures […]
05/11/2024

EURCAD Wave Analysis

EURCAD reversed key resistance level 1.5160  Likely to fall to support level 1.5100 EURCAD currency pair recently reversed down from the key resistance level 1.5160 (which has been steadily reversing the price from the start of August as can be seen below), strengthened by the upper daily Bollinger Band. The downward reversal from the resistance […]