Logo-color Logo-white

Trade tensions between the US and China eased this week following an agreement by Trump and Xi on several trade issues. The US side agreed to reduce fentanyl related tariffs on China from 20% to 10% and postponed probes into Chinese shipbuilding and compliance with the Phase One agreement. In return, China delayed export control […]

The post Weekly Focus – Trade Tensions Move to the Background Again appeared first on Action Forex.

previous

Week Ahead – With Treats Potentially Over, Risk Sentiment About to be Tricked?

next

Markets Weekly Outlook – BoE Meeting in Focus, US Government Shutdown Continues

Read More

03/09/2024

USD/JPY Price Forecast – USD Gains Despite Labor Day Liquidity

USD/JPY rises for the fourth consecutive day, supported by US economic optimism. US employment data this week is crucial for Fed’s September rate decision and USD/JPY direction. Japanese economic indicators and seasonality may also influence USD/JPY’s trajectory. USD/JPY continued its advance on a thin liquidity Monday. The greenback is up around 0.57% against the JPY […]
06/12/2023

GBPUSD Ends 2023 in Bullish Area

GBPUSD finds strong resistance near 200-week EMA Technical signals are negative Will 2024 be a negative year for the pair? With the year 2023 drawing to a close, GBPUSD could not carry the impressive rally of the last three weeks above the bullish crossover within the 50- and the 100-week simple moving averages (SMAs) and the 23.6% Fibonacci retracement […]
02/05/2024

USD/JPY: US Dollar Weakens After Statements from Federal Reserve Chair

Last night, the Federal Reserve’s decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to CNBC, during the conference, the Fed Chair almost ruled out a rate hike as the next step, emphasizing the monetary policy’s independence […]