<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-ecb21.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p> <p>Japanese yen loses ground ahead of BoJ decision on Tuesday
Blogs
Weekly Focus – Managing Expectations
<p><img width="507" height="338" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-rate19.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p> <p>While the past week has been a q
Canada: November Retail Sales Surprise to the Downside, But Expect a Rebound in December
<p><img width="511" height="338" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-canada4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p> <p>Retail sales declined by 0.2% m
Sterling Sees Moderate Decline After Weak Retail Sales, Losses Contained
<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2018/06/f-gbp51.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/
Rise to the Challenge: Taurex's Dragon's Roar Trading Competition
<p>In the spirit of the Year of the Dragon, Taurex, a leading multi-asset CFDs broker, proudly announces the launch of the Dragon's Roar Trading Challenge. This innovative competition invites traders to demonstrate their skill and strategy in a dynamic market environment, with the challenge set to commence on January 22.</p><p&g
Forexlive Americas FX news wrap: US dollar falls as S&P 500 hits record high
<ul><li><a href="https://www.forexlive.com/news/us-january-umich-prelim-consumer-sentiment-788-vs-700-expected-20240119/">US January UMich prelim consumer sentiment 78.8 vs 70.0 expected</a></li><li><a href="https://www.forexlive.com/news/us-existing-home-sales-for-december-378m-vs-382m-estimate
Fed's Daly: The economy is in a really good place
<ul><li>Highlights improving consumer sentiment data (likely today's UMich report)</li><li>I've heard cautious optimism on economy</li><li>I see inflation coming down</li><li>Policy is in a good place</li><li>We're in a great place with policy and the economy and we can star
New record high close for the S&P index
<p>US stocks close sharply higher with the S&P index closing at a new record level and above the 4800 level. The NASDAQ index led the way. </p><p>For the week, the major indices all closed higher for the 2nd consecutive week after sharp declines in week 1 of the 2024 trading year.</p><p>The final numbers are sh
Reminder: The PBOC meets on Monday
<p>As the NY trading day winds down, keep in mind that the first event on the economic calendar next week is the Loan Prime Rate meeting at the People's Bank of China.</p><p>Governor Pan Gongsheng left the MLF rate unchanged last week so expectations are for no change but given the rough ride in Chinese markets […]
EURUSD Finds Support at 200-Day moving average, upside momentum possible
<p>The EURUSD this week trended lower into Wednesday but found support buyers against its 200-day moving average. The moving average was tested on two separate occasions, and each time buyers leaned and pushed the price higher. </p><p>The subsequent rise has taken the price back to a swing area between 1.08788 and 1.0894. Move abo