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In focus this week Markets are anxiously assessing US President Trump’s next moves in the ongoing “Tariff Turmoil”. At the time of writing, most countries face a 10% duty on most exports and a 25% tariff on cars, steel, aluminium as well as most goods from Canada and Mexico. Meanwhile China faces a 145% tariff, […]

The post Markets Eye “Tariff Turmoil” appeared first on Action Forex.

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07/09/2024

Markets Weekly Outlook – ECB Rates, China and US Presidential Debate in Focus

US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Week in Review: Jobs Data Fails to Provide Clarity as Underlying Data […]
02/08/2024

GBP/USD Outlook: Remains in Red But Bears Face Headwinds from Daily Cloud Top

Cable remains in red in early Friday, following Thursday’s 0.9% drop (the biggest daily loss since Apr 10) as fresh risk aversion deflated sterling. Bears extended to one-month low but find a footstep at 1.2706 (top of thick ascending daily cloud) and may pause here, as daily studies are becoming oversold and strong negative momentum […]
24/01/2025

Bank of Japan Raises Rates, Yen Strengthens

The Bank of Japan (BOJ) has raised short-term interest rates to 0.5%, the highest level in 17 years. While this move was anticipated, the currency market responded with a significant strengthening of the yen, with USD/JPY falling by approximately 0.6%. At a press conference, BOJ Governor Ueda stated that there is no predetermined course for […]