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Markets The build-up to US President Trump’s “Liberation Day” is leaving very nasty scars on financial markets. Last Friday’s trading session was full risk-off with European stock markets losing around 1% and key US gauges dropping 1.7% to 2.7%. US indices are ready for/into a new fierce sell-off wave after falling out of the flag […]

The post USD/JPY Slides Further Below 149 appeared first on Action Forex.

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01/04/2025

ISM Manufacturing Index Shows Sector Stalled in March, While Price Growth Surged

The ISM Manufacturing Index pulled back to 49.0 in March from 50.3 in January, and a smidge weaker than the 49.5 expected. Nine of 18 industries reported growth for the month – down from ten in February. In another sign of slowing momentum, 46% of manufacturing GDP contracted in March, up from 24% in February […]
28/11/2024

GBPAUD Wave Analysis

GBPAUD broke daily down channel Likely to rise to resistance level 1.9600 GBPAUD currency pair today broke the resistance trendline of the daily down channel from the end of October (which encloses the earlier downward ABC correction (2) – which stopped earlier at the support level 1.9275). The breakout of this down channel should accelerate […]
15/12/2023

Bank of Japan Meeting: Another Baby Step to Exiting Negative Rates?

Despite heightened rate hike speculation, BoJ to likely stand pat in December No change is anticipated either in yield curve control But yen traders will be seeking fresh clues in Tuesday’s announcement BoJ still to join the rate hike club  The Bank of Japan is the only major central bank that has not yet raised […]