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USDCHF gets rejected near familiar resistance Short-term bias remains positive but probably too weak USDCHF has been in the green almost every week since the plunge to a nine-year low of 0.8331 at the end of December, but the bullish wave was not strong enough to overcome the descending trendline from the 2022 top last week. The bulls, however, have […]

The post USDCHF Regains Some Power, But Still at Risk appeared first on Action Forex.

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25/07/2024

Analysis of USD/JPY: Yen Strengthens by 5.5% Against US Dollar in 2 Weeks

On Thursday, 11 July, the USD/JPY exchange rate was above 161, and today it is below 153. According to Reuters, this could be attributed to effective intervention by the Bank of Japan. While intervention was anticipated when the yen weakened to extreme levels not seen since 1983, Tokyo authorities were cryptic in their comments, maintaining […]
24/08/2024

Weekly Economic & Financial Commentary: The Time Has Come for Policy to Adjust

Summary United States: Homes Out of Range Chair Powell delivered a distinctively dovish speech this week at Jackson Hole. Elsewhere, a slew of housing data revealed that, although green shoots are sprouting, affordability issues continue to constrain the housing market. Meanwhile, another decline in the Leading Economic Index was a reminder that recession risks lie […]
02/08/2024

WTI Crude Oil Hovers Beneath 200-day SMA

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