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Markets Japanese inflation numbers for January this morning kicked off a moderately interesting eco calendar for today. A higher-than-expected outcome combined with base effects ready to push up the February reading rekindled expectations for the BoJ to ditch its negative policy rate and/or YCC programme as soon as March but more likely April. Japan’s 2-y […]

The post Sunset Market Commentary appeared first on Action Forex.

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27/03/2024

USD/CHF: Rises to the Highest in Nearly Five Months

The USDCHF continues to trend higher within the broader bull-channel and hit new multi-week high (the highest since Nov 2) on Wednesday. Larger bulls accelerated after surprise rate cut by SNB last week, which increased pressure on Swiss franc and continues to weigh, with sustained break above psychological 0.90 barrier, adding to pair’s bullish stance. […]
03/04/2024

US 500 Index Retreats from Record High

US 500 faces downside pressures for the second consecutive day More weakness possible, but key support levels are nearby The US 500 stock index (cash) opened negative on Tuesday, strengthening its negative momentum towards its 20-day exponential moving average (EMA), which has been buffering downside movements since the start of the year, around 5,185. With […]
13/12/2023

USDJPY Bulls Show Further Signs of Life

USDJPY in the green today ahead of this week’s key events It is now hovering below a key support area Momentum indicators confirm the weakening bearish pressure USDJPY is trying to record a green candle today as it trades a tad below a strong support area. The bulls have managed to react to the sizeable […]