Logo-color Logo-white

At yesterday’s Fed meeting, contrary to expert expectations, officials left the benchmark interest rate unchanged at 4.50%. The Fed Chair highlighted a high degree of uncertainty in the current state of the US economy due to changes in tariff policy introduced by Donald Trump’s administration. Jerome Powell also noted rising inflation and a possible economic […]

The post Yen and Euro Strengthen After Fed Meeting appeared first on Action Forex.

previous

Central Bank Rate Decisions in the Spotlight

next

USD/JPY Analysis: Dollar Weakens After Fed Decision

Read More

06/08/2024

Bitcoin Crashes Below $50K Amid Global Market Turmoil

Key Highlights Bitcoin price declined over 20% and even crashed below $50,000. BTC traded below a key bullish trend line with support at $67,500 on the 4-hour chart. USD/JPY tumbled and declined below the 145.00 support. Oil prices declined further and traded below $74.20. Bitcoin Price Technical Analysis Bitcoin price started a fresh decline after […]
13/02/2025

Bitcoin Wave Analysis

Bitcoin reversed from the support area Likely to rise to resistance level 100,000.00 Bitcoin cryptocurrency recently reversed up from the support area between support levels 93775.00 and 90000.00. This support area has stopped the previous corrections 4, A, C and 2, as can be seen below. This support area was further strengthened by the lower […]
04/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently maintains a bearish overall momentum, indicating the potential for a bearish continuation towards the 1st support. The 1st support at 102.63 is identified as an overlap support with a 61.80% Fibonacci retracement, signifying its importance as a significant level where buying interest may emerge. This level adds […]