Japanese authorities have not confirmed whether they have intervened in the market to support the Yen. USD/JPY broke a long-term descending trendline but found support near the 100-day MA and 155.00 level. Price Action outlook and potential setups on USD/JPY and GBP/JPY. Fundamental Overview The Japanese Yen is enjoying a stellar week thanks in part […]
The post JPY Technical Outlook: Price Action on USD/JPY, GBP/JPY appeared first on Action Forex.
Monday, Oct 14, 2024 Tuesday, Oct 15, 2024 Wednesday, Oct 16 2024 Thursday, Oct 17, 2024 Friday, Oct 18, 2024 The post Summary 10/14 – 10/18 appeared first on Action Forex.
Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank’s interest rate decision is a key event, with a 25 bps cut highly anticipated. The week ahead Read more…
U.S. Highlights Progress on the inflation front appears to have stalled at the end of the third quarter, as core CPI inflation ticked up, albeit modestly, by 0.1 percentage point to 3.3% year-on-year in September. Read more…