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Asian stocks rose slightly on Thursday, and the dollar gained a bit as traders evaluated trade talks between the U.S. and Japan, while concerns over tariffs introduced by President Donald Trump kept the mood cautious. Markets were also digesting comments by Federal Reserve Chair Jerome Powell yesterday. Fed Chair Jerome Powell gave a firm hawkish […]

The post Europe’s Opening Bell: Stock Indices Rise on Positive US-Japan Talks, ECB Meeting Comes into Focus appeared first on Action Forex.

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19/11/2024

GBP/USD Struggles Ahead: Will It Break Through Key Levels?

Key Highlights GBP/USD extended losses and tested the 1.2600 support. A connecting bearish trend line is forming with resistance at 1.2700 on the 4-hour chart. Bitcoin started a consolidation phase near the $90,000 zone. Oil is correcting losses and trading near the $69.50 zone. GBP/USD Technical Analysis The British Pound started a fresh decline below […]
05/03/2024

USD/JPY: Bullish Bias Above 150, Key US Data Eyed for Fresh Signals

USDJPY edged lower in late Asian / early European trading on Tuesday, following release of Tokyo CPI data which showed inflation jumping in February (2.5% from 1.8% previous month) and adding to expectations that the Bank of Japan may start to tighten its monetary policy soon. The pair steadies above broken psychological 150 barrier for […]
20/02/2025

EUR/JPY Technical: On the Verge of a Potential Bearish Breakdown After 6 Months of Consolidation

The recent Euro strength in the past week has fizzled out. The ongoing trend of the 2-year yield premium shrinkage between the 2-year German Bunds over Japanese Government Bonds reinforced further potential downside in EUR/JPY. Watch the 155.45 downside trigger level of the EUR/JPY. After a multi-month downtrend in the Euro Currency Index from the […]