Logo-color Logo-white

Markets Japanese stock markets and JPY still account for today’s biggest market move in a telling sign about current market momentum. The Nikkei closed slightly over 2% higher. USD/JPY sets a new YTD high at 149.40 with both the psychologic 150 mark and the 2022 (151.95) and 2023 (151.91) tops coming dangerously close. EUR/JPY escapes […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

USD/JPY Slides After BOJ Uchida’s Hawkish Comments

next

USD/JPY Accelerates Higher, 150 Presents Resistance

Read More

02/11/2024

Markets Weekly Outlook – US Elections and Central Banks Lead the Way

Global markets experienced a mixed week, influenced by geopolitical risks and US jobs data revisions. The week ahead focuses on China’s Standing Committee meeting, the US election and Central Bank Meetings. Wall Street indexes struggled, potentially due to high valuations and AI capital spend. Week in Review: US Jobs Revised Downward After Positive GDP A […]
02/04/2024

Elliott Wave Analysis on USD/JPY: Correction Within Uptrend

JPY came down across the board, even though BOJ decided to end its ultra-loose policy, by raising rates for 10bp in March. USDJPY is coming higher anyhow, with price breaking some very important trendline connected from 2023 highs. It can even represent part of a bullish triangle which is finished now, so USDJPY has room […]
13/02/2024

GBP/USD: Limited Recovery Warns of Prolonged Sideways Mode

Cable ticked higher and hit new highest since Feb 2 in early Monday but was so far unable to sustain gains, keeping the price within congestion which extends into fourth straight day. A double Doji (Fri/Thu) signal indecision as daily studies are mixed and keep near-term price action between 200DMA (1.2564) and falling 10DMA (1.2638). […]