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Markets Market sentiment these days is fluid and conditional to all kinds of headlines. For once, during yesterday’s session, the ‘news flow-headlines-rumours combo’ protractedly moved from a hesitant start toward a risk-on session. US indices closed the session with gains from 1.23% (Dow) to 2.74% (Nasdaq). On the trade war, the best news was that […]

The post Markets Saw Some ‘Openings’ Fed Could Give More Weight to Labour Market appeared first on Action Forex.

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27/03/2025

USD/JPY: Bulls Eye Key Technical Barriers at 151.25/30

USDJPY is establishing above 150 support as fresh gains extend into second consecutive day and fully reverse Tuesday’s 0.7% drop. Bulls cracked 151.00 level on Thursday and pressure pivotal barriers at 151.25/30 (Fibo 38.2% of 150.87/146.53/March high). Headwinds could be expected at this zone, which would pause recovery from 146.53 (March 11 low), although dips […]
22/08/2024

US Dollar Index (DXY) Tumbles as BLS Revises Job Growth Downward, Rate Cuts Loom

US Dollar Index Plummets on Revised Jobs Data and Dovish Fed Minutes BLS Revises US Job Growth Downward. Biggest Downward Revision Since the Global Financial Crisis. Fed Rate Cuts Priced In? Powell’s Jackson Hole Speech in Focus. The US Dollar has been treading water and is on course for a four day losing streak. A […]
05/04/2024

GBPCHF Wave Analysis

GBPCHF reversed from resistance zone Likely to fall to support level 1.1340 GBPCHF recently reversed down from the major resistance zone located between the resistance level 1.1450 (which has been reversing the pair from last June) and the upper daily Bollinger Band. The downward reversal from this resistance zone continues the active downward impulse wave […]