FX volatility might be returning given Wall Street is seeing some exhaustion with several key currency trades. The end of tightening for the advance economies keeps getting delayed and sooner than later it will deliver a major blow to growth. FX volatility should pick up as diverging policies from the Fed, BOE, and PBOC could […]
The post Technicals and Triggers – USD/JPY, GBP/USD, GBP/JPY, USD/MXN appeared first on Action Forex.
Assistant Governor Karen Silk indicated that RBNZ is likely to slow the pace of monetary easing and incorporate pauses into its rate cycle after February. “There could be pauses built in, but it is definitely Read more…
Key Highlights GBP/USD started an upside correction from the 1.2500 support. It cleared a key contracting triangle with resistance at 1.2600 on the 4-hour chart. Bitcoin tested the $91,000 zone before the bulls appeared. USD/JPY Read more…
Businesses remain very upbeat about the year ahead. There are also some signs that current conditions are gradually improving. Key results (November 2024) Business confidence: 64.9 (Prev: 65.7) Expectations for own trading activity: 48.0 (Prev: Read more…