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Key Highlights USD/JPY started another increase and cleared the 152.50 resistance. A key bullish trend line is forming with support at 152.70 on the 4-hour chart. EUR/USD and GBP/USD gained bearish momentum. Gold prices surged further above the $2,380 level. USD/JPY Technical Analysis The US Dollar remained well-bid above the 150.00 level against the Japanese […]

The post USD/JPY Supported For More Gains, Gold Approaches $2,400 appeared first on Action Forex.

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Dollar Holds Better Cards Against Both Euro and Pound

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Dollar Holds Better Cards Against Both Euro and Pound

Markets The ECB laid the groundwork for a June rate cut yesterday and that was basically all there was to say about it. Lagarde revealed some wanted to cut rates already and reports afterwards wrote about a handful of officials that needed extra convincing to rally behind the decision to stand pat for a little […]
25/03/2024

Week Ahead – Markets Quiet Down After Central Bank Frenzy

Dollar recovers after Fed selloff, turns to PCE inflation Yen falls despite rate increase, testing three-decade lows Quarter-end flows could disturb the waters in a quiet week Dollar stages recovery after Fed It was an action-packed week for FX traders, with five central bank meetings injecting volatility into the market. In a surprising move, the […]
20/09/2024

Intraday Elliott Wave View on Dow Futures (YM) Favors the Bullish Side

Short term Elliott Wave view on Dow Futures (YM) suggests that cycle from 8.8.2024 low is in progress as an impulse. Up from 8.8.2024 low, wave (1) ended at 41682 and wave (2) pullback ended at 40028 as the 1 hour chart below shows. Internal subdivision of wave (2) unfolded as a zigzag Elliott Wave […]