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    What is a managed account? Should you use it? There are many ways to invest in the financial markets; one is by using a managed account. Think of it as […]

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    Market Calm Restored After Middle East Tensions Subside

    Posted 19 April 2024

    Financial markets have steadied following a brief period of heightened volatility triggered by fears of escalating conflict in the Middle East. Initial concerns about a full-scale confrontation were alleviated. Both Israel and Iran played down the significance of recent explosions near an Iranian military base, suggesting a broader conflict might be avoided for now. As […]

    The post Market Calm Restored After Middle East Tensions Subside appeared first on Action Forex.

    Middle East Conflict Shakes Markets, But Risks Seem Contained for Now

    Posted 19 April 2024

    Significant volatility was seen in Asian session, following the news of Israel’s missile strike in retaliation against Iran. This geopolitical development initially led to steep decline in Asian stocks and concurrent surge in oil prices and safe-haven assets like Swiss Franc, Yen, and Dollar. Nevertheless, fund flows started to reverse partially as the situation seemed […]

    The post Middle East Conflict Shakes Markets, But Risks Seem Contained for Now appeared first on Action Forex.

    Japanese Yen Sentiment Analysis & Outlook: USD/JPY, EUR/JPY, GBP/JPY

    Posted 19 April 2024

    This article presents a detailed analysis of retail sentiment on the Japanese yen, examining three key currency pairs: USD/JPY, EUR/JPY, and GBP/JPY. Moreover, we assess various scenarios driven by contrarian signals within each market.

    US Dollar Braced for Further Swings in Risk as Middle East Conflict Escalates

    Posted 19 April 2024

    An Israeli airstrike on Isfahan in Iran has stoked fears of further conflict in the Middle East. Iran is so far playing down the incident, but safe haven assets, including the dollar, are still bid.

    Gold Price Update: Israeli Attack Lifts Safe Haven Appeal, Weighs on Risk Assets

    Posted 19 April 2024

    Reports of an Israeli attack on Iran fueled a further drive to safety as the risk of a broader conflict hangs in the balance. Overnight, FX markets revealed the risk off response

    USD holds steady on Federal Reserve rate outlook

    Posted 19 April 2024

    USD - United States dollar

    The US Dollar was down slightly from recent highs but held in the same range it has been over the last two sessions as markets push back rate cut expectations and tensions continue in the Middle East. The S&P Volatility index (VIX) headed back towards a range last seen in the fall following the October 7th attacks in the Middle East. This, combined with markets pricing in the first rate cuts from the Federal Reserve in September, had the USD holding ground. Other central banks, including the European Central Bank (ECB), are predicted to start cuts in June. A lack of data today had markets trading on sentiment which seemed to be favoring the Greenback.

    Key Movers

    The euro was up marginally amid the release of higher-than-expected Germany Producer Prices. The German Producer Prices were released overnight and came in up 0.2% after falling -0.4% previously. The EUR/USD pair was up 0.21% this morning, trading near 1.0665.

    Likewise, the GBP was on the rise against the USD this morning after better-than-expected retail sales in March showed positive movement in the British economy. Headline retail sales were up 0.8% in March after falling -0.4% the previous month. The GBP/USD pair was up 0.14% to trade near the 1.2454 range.

    The Canadian dollar held its ground against the USD after dipping most of the week. The Loonie increased as rate cuts from the Bank of Canada (BoC) are expected in June cut while the Fed may hold until the fall. The Loonie ignored recent oil drops though which would have normally had further negative impact. Oil was falling from recent highs as the prospect of “higher for longer” interest rates from the Fed put pressure on businesses and markets weighed the possible expansion of production capacity from The Organization of the Petroleum Exporting Countries (OPEC+). The West Texas Intermediate (WTI) benchmark price was back in the $81 a barrel range after crossing $86 earlier in the week.

    Expected Ranges

    EUR/USD: 1.0613 - 1.0726 ▲

    GBP/USD: 1.2395 - 1.2477 ▲

    AUD/USD: 0.6366 - 0.6464 ▲

    USD/CAD: 1.3745 - 1.3850 ▼