Key Highlights USD/JPY started a major decline from the 150.50 resistance zone. It traded below a key bullish trend line with support at 149.20 on the 4-hour chart. EUR/USD surged above the 1.1000 resistance zone. Gold prices corrected gains and traded below the $3,100 level. USD/JPY Technical Analysis The US Dollar faced a strong rejection […]
The post USD/JPY Takes a Hit—Will Bears Extend Their Grip? appeared first on Action Forex.
US equity markets tumbled due to President Trump’s tariff proposals, raising global growth concerns. Federal Reserve Chair Jerome Powell acknowledged tariffs’ impact, emphasizing monitoring inflation and waiting for more data. The upcoming week focuses on Read more…
Canadian Highlights Canada initially appeared to have dodged tariffs on Trump’s Liberation day. But still facing three separate tariff actions, Canada’s effective tariff rate is close to 10%. Canada’s job market is already starting to Read more…
Data in the coming week will be watched closely for impact from trade headwinds to prices in Canada and the U.S., following recent tariff announcements and progressively softening sentiment data. It is still likely too Read more…