U.S. Highlights The Bank of Japan surprised markets by tweaking its yield curve control policy. The move propped up the Yen and sent equities lower, with smaller reverberations following across global markets. Core PCE inflation eased to 4.7% year-on-year (y/y) in November from 5% in October, coming in only a hair above the market consensus […]
The post The Weekly Bottom Line: Results of Inflation Fight Will Show Next Year appeared first on Action Forex.
EUR/USD stayed in range below 1.1848 last week and outlook is unchanged. Initial bias remains neutral, and further rise is expected with 1.1642 support intact. On the upside, firm break of 1.1848 will target 1.2081 Read more…
USD/JPY dipped to 155.01 last week but recovered since then. Initial bias stays neutral this week first. On the downside, break of 155.01 will resume the fall from 160.71 to 152.25 support next. On the Read more…
GBP/USD stayed in range trading below 1.3657 last week and outlook is unchanged. Initial bias remains neutral for consolidations, and further rise is expected with 1.3453 support intact. On the upside, break of 1.3657 will Read more…