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After last Friday’s sharp sell-off, global markets rebounded strongly this week as risk-on sentiment returned. The USD/JPY resumed its recent uptrend as fears of a renewed U.S.–China trade war eased and Sanae Takaichi was officially sworn in as Japan’s new prime minister. Economists believe her appointment reduces the likelihood of the Bank of Japan raising […]

The post Dow and Nikkei Hit Record Highs — Traders Eye Fed, BoJ, and ECB Decisions This Week appeared first on Action Forex.

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02/09/2024

EUR/USD Dips To Support, Can It Bounce Back?

Key Highlights EUR/USD started a downside correction from the 1.1200 zone. It traded below a key bullish trend line with support at 1.1125 on the 4-hour chart. GBP/USD is consolidating near the 1.3120 level and might correct lower. USD/JPY might aim for a fresh increase if it clears the 146.50 resistance. EUR/USD Technical Analysis The […]
27/09/2024

USD/JPY Recovers But Can It Surpass 145.50?

Key Highlights USD/JPY started a decent increase above the 142.50 resistance. A key bullish trend line is forming with support at 144.00 on the 4-hour chart. Oil prices started another decline from the $73.50 resistance zone. Bitcoin might aim for more gains above the $65,000 level. USD/JPY Technical Analysis The US Dollar found support near […]
23/02/2024

Up Go Stocks, Down Go Bonds

We knew that yesterday was going to be a good day – at least for the stock markets, given that Nvidia defied the expectations that it would – maybe – fail to deliver $20bn sales in the latest quarter. But the company announced $22bn sales. And because a potential misstep from Nvidia was seen as […]