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Fiscal problems and tariff confusion are undermining confidence in the US dollar. Other assets are rushing to take advantage of the loss of interest in the greenback. The ECB argues that the uncertainty of the White House policy could be a moment of glory for the euro. The regional currency can increase its share in […]

The post Bitcoin Capitalised on Dollar’s Temporary Weakness appeared first on Action Forex.

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Volatile USD/JPY Moves: What’s Driving the Action

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10/03/2025

It’s An Important Tariff Week

Markets US payrolls were decent across the board but missed the bar by a slight margin. It triggered only a minor kneejerk upleg in US Treasuries, suggesting some fatigue creeping in after a stellar rally in recent weeks. Powell’s looming noon (US time) speech ahead of the communications blackout kept markets on the sidelines too. […]
26/09/2024

CADJPY Wave Analysis

CADJPY reversed from support area Likely to rise to resistance level 108.85 CADJPY currency pair earlier reversed up with the weekly Bullish Engulfing from the support area located between the pivotal resistance level 104.50 (which has been reversing the pair from the middle of August, and the lower weekly Bollinger Band. This support area was […]
16/07/2024

Bullish Pound Eyes $1.30 Ahead of UK Inflation Test

June CPI numbers the highlight of this week’s UK data flurry Could the Bank of England cut interest rates next month? Pound undeterred as it extends July gains Job stats and retail sales to follow Wednesday’s CPI report (06:00 GMT) On target Inflation in the UK peaked much higher than in other major economies during […]