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Fed meets on Wednesday with focus on new dot plot Will the Bank of Japan finally end negative rates on Tuesday? BoE and RBA to stick with patience, SNB might be in more of a rush to cut Flash PMIs plus inflation data in the UK, Japan and Canada will also be crucial Fed decision: […]

The post Week Ahead – Five Central Banks: Who Will Hike, Who Will Not Cut? appeared first on Action Forex.

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12/03/2024

US: Core Inflationary Pressures Were (Again) Hotter Than Expected in February 

The Consumer Price Index (CPI) rose 0.4% month-on-month (m/m) in February, in line with the consensus forecast. On a twelve-month basis, CPI inched up to 3.2% (from 3.1% in January). Energy prices rose 2.3% m/m, largely driven by an uptick in gasoline prices (+3.8% m/m). Conversely, food prices were flat on the month. Excluding food […]
19/04/2024

USD/JPY Stages More Upsides, Can Bulls Aim For 160?

Key Highlights USD/JPY extended gains above the 154.00 level. A major bullish trend line is forming with support at 153.95 on the 4-hour chart. EUR/USD is struggling to recover above 1.0720. Crude oil prices declined below the $83.50 support zone. USD/JPY Technical Analysis The US Dollar settled above the 150.00 level to move further into […]
30/07/2024

USD/JPY – All Eyes on Bank of Japan, Yen Slips

The Japanese yen has sparkled in the second half of July but has lost steam this week. USD/JPY is trading at 154.88 in the European session, up 0.57% on the day at the time of writing. To hike or not to hike The Bank of Japan meets early Wednesday and the markets aren’t sure what […]