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Markets “What’s the rush?” Fed governor Waller briefly and brightly summed up the string of Fed comments overnight (impact to be reflected in European open given Japanese close). The strength of the economy and recent inflation data mean it is appropriate to be patient, careful, methodical, deliberative… you name it! The Fed is in no […]

The post Fed Waller Suggests Delaying Rate Cuts by a Few Months (!) Should Not Have Substantial Impact appeared first on Action Forex.

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10/09/2024

USDCHF Wave Analysis

USDCHF reversed from support level 0.8400 Likely to rise to resistance level 0.8550 USDCHF currency pair recently reversed up from the key support level 0.8400 (which has been reversing the price since the end of last year). The upward reversal from the support level 0.8400 created the daily Japanese candlesticks reversal pattern Long-legged Doji. Given […]
31/07/2024

USD/JPY Outlook: Cracks Key 150 Support Zone on Fresh Post-BoJ Acceleration Lower

USDJPY accelerated lower in early European trading on Wednesday, following a mixed immediate reaction on BoJ’s decision to raise interest rate from 0.10% to 0.25% and unveil plan to halve bond buying. The decision was positive for yen and added to currency’s broader strength, sparked by recent interventions by Japan’s authorities. Fresh weakness pushed the […]
26/09/2024

AUDJPY: Bearish Short Term Sentiment

The AUDUSD pair slightly declined after hitting a new yearly high of 0.6900 during Wednesday’s US session. However, the overall outlook remains positive due to the Reserve Bank of Australia (RBA) indicating that interest rates will stay steady through the year-end. The Australian Dollar is also benefiting from China’s recent stimulus measures aimed at boosting […]