Forex News

Monday, Apr 21, 2025 Tuesday, Apr 22, 2025 Wednesday, Apr 23, 2025 Thursday, Apr 24, 2025 Friday, Apr 25, 2025 The post Summary 4/21 – 4/25 appeared first on Action Forex.

WTI oil has registered the second weekly gain (the contract was up 3.3% this week), lifted by growing optimism over easing trade tensions between the USA and the European Union and signals of possible deal, new US sanctions on Iran and initial positive signals in US – China trade relations. Reversal signal is developing on The post WTI Oil: Strong Weekly Gain Boosts Reversal Signals appeared first on Action Forex.

Oil ended the week up over 4%, continuing the rebound that began on 9 April following a strong rally due to tariff postponement. Prices managed to recover from 4-year lows by more than 16%, which is impressive and brings the market closer to bullish territory. However, the situation currently appears more like a rebound before The post Oil Rebound, Not Yet a Trend Reversal appeared first on Action Forex.

The EUR/USD pair continues to consolidate around 1.1371 this Friday, with trading activity subdued due to Good Friday market closures in the US and most of Europe. Key Drivers of EUR/USD Movement With low trading volumes, the pair’s movements remain constrained, leaving it near its three-year peak. Recent USD weakness stemmed from two primary factors: Concerns over the impact of US tariff policies. Growing political uncertainty under the The post EUR/USD in Equilibrium: Quiet Trading Expected on Good Friday appeared first on Action Forex.

A few pieces of good news helped calm investors’ nerves before the Easter break. First, Donald Trump said yesterday that the US and Japan made ‘big progress’ in trade negotiations. The latter headlines helped the Nikkei gain over 2% yesterday and extend gains by about 0.64% this morning. He also said that there could be The post Happy Easter appeared first on Action Forex.

The EURUSD currency pair is showing strong signs of continuing its upward trend, based on Elliott Wave analysis. Since its low on September 26, 2022, the pair has been climbing. However, it hasn’t yet hit its projected target of 1.19. This suggests more room to grow in the long term. For now, the pair remains The post Elliott Wave Analysis Indicates EURUSD Extending Higher in Impulsive Structure appeared first on Action Forex.

Key Highlights USD/JPY started a fresh decline below the 145.00 level. A short-term contracting triangle is forming with resistance at 143.10 on the 4-hour chart. EUR/USD could aim for a move above the 1.1420 resistance zone. Gold prices traded to a new record high above $3,350 and started a consolidation phase. USD/JPY Technical Analysis The The post USD/JPY Bears Take Control—Further Decline Possible appeared first on Action Forex.

Japan’s CPI core (excluding fresh food) accelerated from 3.0% yoy to 3.2% yoy in March, matching expectations, and marking the third consecutive year it has remained above BoJ’s 2% target. CPI core-core, which strips out both food and energy, climbed more sharply from 2.6% yoy to 2.9% yoy. While the headline CPI eased slightly from The post Japan’s CPI core rises to 3.2% yoy, rice prices surge at another record appeared first on Action Forex.

Canadian Highlights The Bank of Canada held the policy rate at 2.75% and, in a break from tradition, refrained from publishing its usual forecast. The Monetary Policy Report outlined two illustrative scenarios depending on different U.S. tariff policy paths. Both marked a downgrade from January’s projections. Economic data released this week showed that the housing The post The Weekly Bottom Line: Tariffs Create A “Challenging Scenario” For The Fed appeared first on Action Forex.

Summary United States: Economic Growth Holding On, for Now Real GDP growth is slowing but still holding on before an expected drag from tariffs kicks in. In March, retail sales rose solidly. Total industrial production fell during the month; however, manufacturing output gained. Housing starts pulled back sharply, though building permits increased. Next week: New The post Weekly Economic & Financial Commentary: Economic Growth Holding On, for Now appeared first on Action Forex.

Preliminary retail and manufacturing sales for March next week Friday will offer early, but important clues on how the Canadian economy has fared under U.S. tariffs. Measures in place included 25% blanket tariffs on U.S. imports from Canada briefly in effect on March 4th before being rolled back to just non-USMCA compliant trade days later, The post March Data to Give Early Clues About Canada’s Economy Under Tariffs appeared first on Action Forex.

Gold delved deeper into the territory of all-time highs during the week, reaching a local top above $3350 per troy ounce on the spot market, representing a more than 4% gain from the start of the week. The price later retreated to the $3300 area. Gold has been on the offensive since touching the 50-day The post Gold: Epic Rally appeared first on Action Forex.

EURCAD: ⬇️ Sell EURCAD reversed from long-term resistance level 1.5840 Likely to fall to support level 1.5400 EURCAD currency pair recently reversed down from the long-term resistance level 1.5840 (which has been reversing the price from the start of 2020) standing close to the upper daily Bollinger Band and the resistance trendline of the weekly The post EURCAD Wave Analysis appeared first on Action Forex.

CADJPY: ⬆️ Buy CADJPY reversed from key support level 102.00 Likely to rise to the resistance level 104.00 CADJPY currency pair recently reversed up from the key support level 102.00 (which has been reversing the price since August of 2024) standing close to the lower daily Bollinger Band. The upward reversal from this support level The post CADJPY Wave Analysis appeared first on Action Forex.

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Summary The European Central Bank (ECB), in a widely expected decision, lowered its Deposit Rate by 25 bps to 2.25% at today’s announcement, while its accompanying statement was dovish overall in tone. In one significant change, the ECB no longer described its policy stance as restrictive. At the same time, however, it refrained from explicitly The post European Central Bank Still Moving Steadily Along Rate Cut Path appeared first on Action Forex.

Tariff headlines remain at the top of investors’ agendas. But flash S&P Global PMIs could attract special attention. Auctions to reveal information about demand for Treasuries. Tokyo CPI data and Canada’s retail sales also on tap. Trump’s back and forth tariff game Since the beginning of the month, the spotlight has been locked on headlines The post Week Ahead – Eyes on Flash PMIs as Tariff Uncertainty Persists appeared first on Action Forex.

As expected, the ECB cut policy rates by 25bp today, bringing the deposit rate to 2.25%. The guidance struck a dovish tone, noting downside risks to growth and downplaying topside risks to inflation. Markets reacted by sending EUR/USD and European yields lower. We continue to expect the ECB to deliver 25bp cuts at the upcoming The post ECB Review – Dovish Bias in Troubled Waters appeared first on Action Forex.

Markets The ECB cut the main policy rate by 25 bps to 2.25% and indicated the current stance is no longer weighing down on the economy. The decision was unanimous with no one tabling a bigger cut but no one pushing for a skip either (something which Lagarde said some governors would have done so The post Sunset Market Commentary appeared first on Action Forex.

In an interview with Fox Business New York Fed President John Williams said monetary policy is “well positioned”. “I don’t see any need to change the setting of the fed funds rate anytime soon,” he added. He expected US growth to dip below 1% this year, accompanied by a rise in the unemployment rate to The post Fed’s Williams: No urgency for rate change, expects sub-1% growth without recession appeared first on Action Forex.