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Fed policymakers sticking to the script US data continues to point to a strong economy Fib rebound may suggest we’ve seen a correction in GBPUSD It isn’t the busiest week as far as UK and US economic data is concerned but there are still a few pieces worth keeping an eye on. As well as, […]

The post GBP/USD – A Bearish Reversal at a Key Fib Level? appeared first on Action Forex.

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01/08/2024

USD/JPY Falls Below 150 Yen Per Dollar

The yen was last this strong in mid-March this year. News from central banks contributed to the decline in USD/JPY. Yesterday, the Bank of Japan raised interest rates to levels not seen in the past 15 years. Conversely, the Fed kept rates unchanged as expected but “opened the door” for a possible cut in September, […]
25/04/2024

Yen in Search of New Lows, Commodity Currencies at a Low Start

In recent trading sessions, the dollar has been trading quite differently to leading currencies. Thus, the yen is reaching historical lows, European currencies have managed to correct, and the Australian and Canadian dollars are testing strategic supports. USD/JPY The absence of currency interventions from the Bank of Japan and strong macroeconomic data from the United […]
01/11/2024

RBA in Wait-and-See Mode Despite Drop in Inflation

RBA to stand pat at 4.35% Aussie may not be affected from this meeting Decision due on Tuesday at 3:30 GMT RBA policy to remain unchanged The upcoming Reserve Bank of Australia (RBA) policy meeting on November 5 is highly anticipated, with the bank adopting a wait-and-see approach and holding the cash rate steady while monitoring economic developments. […]