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Donald Trump’s policy announcements continue to draw a lot of attention and create significant intra-day market moves but ultimately not clarity on economic policies and few lasting effects. This week, we had the announcement of so-called reciprocal tariffs where the US will base import tariffs on restrictions that US companies face on their export markets. That […]

The post Weekly Focus – Still Waiting for Political Clarity appeared first on Action Forex.

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19/12/2023

USD/JPY Technical: JPY Strength Remains Intact ahead of BoJ

Consensus is expecting no change to BoJ’s monetary policy, but its policy statement and Governor Ueda’s press conference may signal an imminent shift away from short-term negative interest rates. Mounting pressures from public and private sectors with Economy Minister Shindo attending today’s monetary policy decision meeting as a representative from the Cabinet Office. Technical analysis […]
20/06/2024

Gold & Silver Test Two-Week Hhighs on Geopolitical Concerns and Rate Cut Optimism

Key Points:  Geopolitics return to the fore as concerns mount around the Middle East and Asia.. Safe haven demand sees gold (xau/usd) rise toward 2350 resistance. Silver technicals hint at the potential for further upside. Commodity markets have returned to positive territory this morning, driven by gains in both silver (XAG/USD) and gold (XAU/USD). Growing […]
15/11/2024

USDCAD Wave Analysis 14

USDCAD broke resistance level 1.3950  Likely to rise to resistance level 1.4050 USDCAD currency pair rising strongly after the earlier breakout of the resistance level 1.3950 (former multi-month high from August). The breakout of the resistance level 1.3950 accelerated the active short-term impulse wav 3 of the higher order impulse wave (3) from the end […]