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Quiet week ahead as FX markets enter holiday season Spotlight will fall mostly on some Japanese releases Most importantly, liquidity will be in short supply Yen awaits Bank of Japan signals Another devastating year for the Japanese currency is coming to an end. Despite mounting a comeback in recent months, the yen is still on […]

The post Week Ahead – Markets Wind Down for Holidays, Mind the Liquidity Gap appeared first on Action Forex.

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28/12/2023

Japanese Yen Keeps on Rolling

Japanese retail sales climb but industrial production declines Japanese gain rises sharply The Japanese yen has posted sharp gains on Thursday. In the European session, USD/JPY is trading at 140.66, down 0.82%. Japanese retail sales beat forecast Japanese releases were a mixed bag today. Retail sales impressed with a gain of 5.3% y/y in November, […]
16/01/2024

NZDUSD Extending Lower in Zigzag Correction

Short term Elliott Wave View in NZDUSD suggests that rally to 0.637 ended wave 1. Pair is now doing wave 2 pullback to correct cycle from 10.26.2023 low. Internal subdivision of wave 2 is unfolding as a zigzag Elliott Wave structure. Down from wave 1, wave (i) ended at 06325 and rally in wave (ii) […]
30/11/2023

Nothing Says ‘Let’s Save the Planet’ Like a Summit Led by a Big Oil CEO

The rally in US bonds continued at full speed yesterday and bonds are set to record their best month since the GFC this November. The US 2-year yield tumbled to almost 4.60% yesterday from nearly 5% at the start of the week. While the 10-year yield rebounded after hitting 4.25%. That makes an almost 40bp […]