According to Reuters, it was announced on Friday that Shigeru Ishiba, known for his tough stance on interest rates, will become Japan’s next Prime Minister. This news caused a sharp intraday reversal in the USD/JPY exchange rate on Friday: while the price initially rose in the morning (as shown by the arrow), it was followed […]
The post USD/JPY Analysis: The Yen Strengthens by Over 2.8% in One Day appeared first on Action Forex.
USDCHF traders brace for action — key data on the horizon! The USDCHF pair, commonly referred to as the “Swissie,” represents the exchange rate between the US dollar and the Swiss franc. The US dollar Read more…
Gold is trading sideways today, but close to recent highs Volatility drops as a key US data week starts Momentum indicators are less bullish at this juncture Gold is trading sideways today, a tad below Read more…
Daily Pivots: (S1) 1.1124; (P) 1.1164; (R1) 1.1202; More…. Intraday bias in EUR/USD remains neutral and more consolidations could be seen below 1.1213. But further rally is expected as long as 1.1001 support holds. Above Read more…