Yen is currently trading as the strongest currency for the day as the markets enter into US session. The earlier dip below 160 psychological support against Dollar spurred a wave of buying, propelling Yen sharply higher. However, subsequent trading has not shown clear follow-through momentum, indicating that the initial surge may have been more of […]
The post Yen Stabilizes After Sharp Rally, Japan Withholds Confirmation of Intervention appeared first on Action Forex.
Key Highlights GBP/USD started a decent increase and climbed above 1.2600. A key bullish trend line is forming with support at 1.2580 on the 4-hour chart. Gold prices cleared the $2,375 resistance to move into Read more…
Australia employment grew 38.5k in April, well above expectation of 25.3k. Full-time jobs fell -6.1k while part-time jobs rose 44.6k. Unemployment rate rose from 3.9% to 4.1%, above expectation of 3.9%. participation rate rose from Read more…
Japan’s GDP contracted by -0.5% qoq in Q1, slightly worse than the expected -0.4% qoq decline. On annualized basis, GDP fell by -2.0%, missing forecast of -1.5% drop. Private consumption, which makes up over half Read more…