Tag: Action Forex

Manufacturing activity in June continued to show signs of weakness, remaining in contraction territory. However, there was a slight decrease in inflation pressure as the prices paid component fell by 4.9 points. Despite this,...

The eco data analysis for July 1st, 2024, provides insights into various economic indicators across different countries. Let's take a closer look at some of the key data points:In Japan, the Tankan Large Manufacturing...

The upcoming week is expected to be crucial for dollar traders as they await the release of the US ISM manufacturing and non-manufacturing PMI data for June. These reports, scheduled for Monday and Wednesday...

GBPJPY has been on a winning streak, marking a new 16-year high at 203.57 after ten consecutive days of gains. While this positive momentum is evident in the market, indicators like the RSI and...

On June 28, 2024, various economic indicators were released, providing insights into different economies around the world.In Japan, the Tokyo Consumer Price Index (CPI) Year-on-Year (Y/Y) for June was reported at 2.20%. Additionally, the...

The tension between China and Taiwan has been a cause for concern, especially in light of recent events. The U.S. government's sanctions on Chinese entities supplying parts to Russia for its conflict with Ukraine,...

On July 4, Britons will be voting in a general election that could potentially end 14 years of Conservative rule. The Labour Party is currently leading in the opinion polls, with Nigel Farage's Reform...

The USD/JPY pair surged to a new multi-decade high above the 160 level on Wednesday, signaling a strong bullish momentum in the market. Despite concerns about potential intervention from Japanese authorities to support the...

USDJPY is currently trading below the critical 160 level with weak momentum. There are signs of overbought conditions, indicating that sellers may be waiting below the 158.35-159.00 range. The possibility of BoJ intervention is...

The Bank of Japan (BoJ) meeting minutes suggest that a rate hike in July is still on the table. Despite keeping interest rates unchanged in June, the BoJ indicated a willingness to potentially raise...

EUR/USD is currently in a consolidation phase after reaching 1.0667, and the short-term bias is neutral. The resistance level at 1.0760 is expected to hold, leading to a potential further decline in the exchange...

This week, the focus will be on speeches by Fed officials, with five out of eight scheduled appearances featuring hawkish members. This could push back against market expectations of rate cuts this year and...

The EUR/USD pair saw a bounce on Monday as traders took profits from the previous week's fall. Despite weaker than expected German Ifo data, the single currency gained traction due to improving sentiment on...

The USD/JPY currency pair's daily forecast shows that the intraday bias is currently on the upside. The ongoing rally is expected to reach the 160.20 high, with a possibility of extending to the 100%...

The USD/CHF pair took a dive to 0.8825 last week before making a strong recovery. Currently, the initial bias is neutral for consolidations above 0.8825, with a bearish outlook in the near term as...

The recent data from Eurostat has shown a rise in inflation in the Eurozone countries, reaching 2.6% in May. This increase in consumer prices led to a slight hope among euro bulls that the...

The GBP/USD pair continued to decline last week, falling from the short-term high of 1.2859 despite a temporary recovery. This week, the initial bias is towards further downside movement. If the key support-turned-resistance level...

The USD/JPY pair saw a significant increase last week, rising from 151.68 to 159.81, showing no clear signs of a peak yet. The initial bias for this week remains on the upside, with a...

The Euro Area's economic recovery is facing uncertainty as recent Purchasing Managers' Index (PMI) data points to weaknesses in the region. While global equities saw modest gains and crude oil prices surpassed USD 85...

The Bank of England (BoE) has decided to keep the Bank Rate unchanged at 5.25% as expected. The vote split remained the same as in the May meeting, with 7 members voting for no...

GBP/USD In the first half of this trading week, the GBP/USD pair has been holding steady above the key range of 1.2700-1.2650, making efforts to continue its upward movement. However, the Bank of England meeting...

The recent minutes from the Bank of Japan's meeting on April 25-26 have shed light on the concerns surrounding the impact of the weak Yen on inflation. Board members are keeping a close eye...

The price of Brent crude oil surged by 2% on Monday, leading to a moderate adjustment in the commodity market on Tuesday morning. Currently, a barrel of the North Sea variety is trading at...

The New Zealand dollar is facing pressure from the strong US dollar, following the Federal Reserve's updated forecasts last week. Stock market expectations suggest only one interest rate cut this year, possibly in December....

The USD/JPY pair showed a choppy rise from 151.86 and broke through the 157.70 resistance last week. This led to a continuation of the upward movement, with the initial bias leaning towards the upside...

Last week, the Euro saw a significant decline indicating that the rebound from 1.0601 may have already ended as a correction to 1.0915. This week, the initial bias is towards the downside with a...

The past week in the world of Forex and cryptocurrency trading was filled with significant events and developments that impacted the markets. Let's take a closer look at some key highlights from the recent...