Fed’s Williams: No urgency to cut interest rates
Action Forex
by ActionForex.com
2h ago
At the Semafor World Economy Summit today, New York Fed President John Williams there is no urgency in current monetary policy stance. “We’ve got interest rates in a place that is moving us gradually to our goals. So I definitely don’t feel urgency to cut interest rates. I think monetary policy is doing exactly what […] The post Fed’s Williams: No urgency to cut interest rates appeared first on Action Forex ..read more
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Sunset Market Commentary
Action Forex
by KBC Bank
3h ago
Markets German Bund yields in fixed income markets gapped lower at the open this morning, catching up with US Treasuries late yesterday and in Asian dealings this morning. The drop was followed by a drift higher only to reverse course again after some comments from Villeroy. The French ECB governor said he’s open to rate […] The post Sunset Market Commentary appeared first on Action Forex ..read more
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US, Japan Express Concern Over Japanese Yen
Action Forex
by MarketPulse
3h ago
The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15.5 in April, up from 3.5 in March and crushing the market estimate of […] The post US, Japan Express Concern Over Japanese Yen appeared first on Action Forex ..read more
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EUR/USD Mid-Day Outlook
Action Forex
by ActionForex.com
3h ago
Daily Pivots: (S1) 1.0626; (P) 1.0653; (R1) 1.0700; More… EUR/USD is staying in consolidation from 1.0601 and intraday bias stays neutral. While stronger recovery cannot be ruled out, upside should be limited by 1.0723 support turned resistance. On the downside, break of 1.0601 will resume the decline from 1.1138 to 100% projection of 1.1138 to […] The post EUR/USD Mid-Day Outlook appeared first on Action Forex ..read more
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GBP/USD Mid-Day Outlook
Action Forex
by ActionForex.com
3h ago
Daily Pivots: (S1) 1.2421; (P) 1.2451; (R1) 1.2486; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2404 is extending. Upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% projection of 1.2892 to […] The post GBP/USD Mid-Day Outlook appeared first on Action Forex ..read more
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USD/JPY Mid-Day Outlook
Action Forex
by ActionForex.com
3h ago
Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 154.71; More… Intraday bias in USD/JPY remains neutral for the moment. Considering bearish divergence condition in 4H MACD, in case of another rise, upside should be limited by 155.20 fibonacci projection level. On the downside, break of 153.89 minor support will turn bias back to the downside for […] The post USD/JPY Mid-Day Outlook appeared first on Action Forex ..read more
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Currency Markets in Consolidations, Stocks Could be Stabilizing
Action Forex
by ActionForex.com
3h ago
The forex markets are still generally staying in consolidative mode today, showing minimal reaction to the latest economic data and comments from central bank officials. Commodity currencies, along with Swiss Franc, are displaying relative strength. Meanwhile, Euro, Dollar, and Yen are on the weaker side. In the broader financial markets, the recent selloff in global […] The post Currency Markets in Consolidations, Stocks Could be Stabilizing appeared first on Action Forex ..read more
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US initial jobless claims unchanged at 212k, vs exp 214k
Action Forex
by ActionForex.com
4h ago
US initial claims was unchanged at 212k in April 13, slightly below expectation of 214k. Four-week moving average of initial claims was also unchanged at 214.5k. Continuing claims rose 2k to 1812k in the week ending April 6. Four-week moving average of continuing claims rose 4k to 1805k. Full US jobless claims release here. The post US initial jobless claims unchanged at 212k, vs exp 214k appeared first on Action Forex ..read more
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BTCUSD Drops to 6-Week Low as Halving Looms
Action Forex
by XM.com
6h ago
BTCUSD falls temporarily below 60,000 ahead of halving Momentum indicators point to intensifying downside pressures BTCUSD (Bitcoin) experienced a strong pullback following the formation of a triple top pattern, sliding below its 50-day simple moving average (SMA). Meanwhile, the price dropped to a fresh six-week low a tad beneath the 60,000 psychological mark, just a couple of days ahead of […] The post BTCUSD Drops to 6-Week Low as Halving Looms appeared first on Action Forex ..read more
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AUDJPY Pulls Back But Stays in Uptrend
Action Forex
by XM.com
6h ago
AUDJPY prints higher highs and higher lows above uptrend line MACD and RSI detect positive momentum A break above 100.80 will confirm a higher high For the outlook to change, a break below 95.80 may be needed AUDJPY pulled back lately, after it hit resistance at around 100.80 on April 9. However, the pair remains above […] The post AUDJPY Pulls Back But Stays in Uptrend appeared first on Action Forex ..read more
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