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The month of February saw markets make several instinctive moves as well as create opportunities for proper leveraging of fundamental releases. Despite being a leap-year, there wasn’t any real impact on price delivery in the course of the month. As we await the opportunities that lie ahead in the month of March, here are a […]

The post What To Trade In March appeared first on Action Forex.

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26/07/2024

GBPJPY Extends Decline to a Fresh 2-month Low

GBPJPY pulls back from its 16-year peak of 208.10 The pair falls to its lowest level since May 16 RSI and MACD warn of an overstretched retreat GBPJPY has been in a prolonged uptrend since early 2024, posting a 16-year high of 208.10 on July 11. However, the pair has been undergoing a pullback since then, with the […]
30/04/2024

US Money Markets Have Discounted a New Hawkish Fed Pivot

Markets What a difference some inflation prints make… Following the Fed’s pivot in November and December of last year, markets rapidly turned to expecting policy rate cuts. The language in official statements changed from assessing to whether any additional policy firming might be appropriate to considering when it would be appropriate to reduce the target […]
15/11/2024

EURUSD Faces Decline as Fed Signals Firm Stance

EURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials. Federal Reserve Chair Jerome Powell’s recent statement underscored a cautious approach to cutting interest rates, citing persistent GDP growth, robust employment, and ongoing inflationary pressures. This […]