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Markets European markets on Friday started with a cautious risk-on bias as US President Trump suggested that it could take up to two weeks for the US to decide whether to get involved in the military action against Iran. This kind of guidance of course still provided limited real visibility. The Eurostoxx 50 after a […]

The post Ever More Difficult to Hedge/React to (Geopolitical) Event Risk that Might Again Change Very Soon appeared first on Action Forex.

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26/05/2025

EUR/USD Extends Its March Beyond 1.14

Markets US President Trump unexpectedly dropped a bomb on Friday by recommending a 50% tariff on EU goods effective immediate June 1st as he believed that the bloc wasn’t negotiating in good faith. Treasury Secretary Bessent added that he hoped it would light a fire under the EU. Apparently it did. A phone call between […]
30/09/2024

USD/JPY Analysis: The Yen Strengthens by Over 2.8% in One Day

According to Reuters, it was announced on Friday that Shigeru Ishiba, known for his tough stance on interest rates, will become Japan’s next Prime Minister. This news caused a sharp intraday reversal in the USD/JPY exchange rate on Friday: while the price initially rose in the morning (as shown by the arrow), it was followed […]
26/03/2024

Gold (XAUUSD) Looking to Do Larger Degree Correction

Short Term Elliott Wave view in Gold (XAUUSD) suggests that Gold ended the cycle from 12.13.2023 low. Rally from 12.13.2023 low unfolded as an impulse. Up from there, wave ((i)) ended at 2088.48 and dips in wave ((ii)) ended at 1984.37. The metal then resumed higher in wave ((iii)) towards 2195.15 as the 1 hour […]