USD/JPY Breakout Gathers Pace as Bulls Dominate Trading

TL;DR: Gold and Silver tumbled as markets returned to the oil-rates relationship that governed Q2, with Brent above $100 and 10-year Treasury yields above 4.7% restoring pressure on the metals - leaving their next move hostage to Trump’s binary decision on Iran. Why This Matters Gold and Silver tumbled as markets returned to trading precious […] The post Gold and Silver Tumble as Oil Link Returns; Trump’s Looming Decision on Iran Adds Binary Risk appeared first on ActionForex.

Japan’s private sector expanded at its fastest pace since February in July, with the S&P Global Flash Composite PMI Output Index edging up from 52.8 to 53.1. The survey marked a sixteenth consecutive month of expansion, reflecting resilient business activity at the start of the second half of the year. While the Manufacturing PMI eased […] The post Japan PMI Composite rises to 53.1 as AI Demand Boosts Manufacturing appeared first on ActionForex.

Australia’s private sector gained momentum in July, with the S&P Global Flash Composite PMI rising from 50.4 to 52.6, its highest reading since the start of the year. The improvement was driven primarily by the services sector, where the Services PMI Business Activity Index climbed from 50.5 to 53.0, while Manufacturing PMI edged up from […] The post Australia PMI Composite Hits 2026 High at 52.6 as Domestic Demand Rebounds appeared first on ActionForex.

Key insights from the week that was. The June Labour Force Survey offered both noise and signal. Employment surprised materially to the upside, rising 76.3k in the month. However, the gain was matched by a sizeable lift in labour supply, the participation rate bouncing 0.3ppts to 67.0%, a 13-month high. The ABS noted in the […] The post Cliff Notes: Markets on Edge appeared first on ActionForex.

Andy Burnham becomes the UK’s 10th prime minister in 10 years. Will his UK regeneration plan work or do his policies just mean more spending? Any trouble in gilt markets would put the brakes on pound’s long-term recovery. Starmer’s rise and fall It was hoped that when the UK Labour Party won a super-majority of […] The post Will Burnham’s Arrival at No. 10 Spell the End of the Pound’s Four-Year Recovery? appeared first on ActionForex.

Canada’s retail sales rose 1.0% mom to CAD 73.7B in May, marking a broad-based improvement in consumer spending as all nine retail subsectors posted gains. The increase was led by gasoline stations and fuel vendors, reflecting higher fuel prices, while motor vehicle and parts dealers also contributed with a second consecutive monthly increase. Excluding the […] The post Canada Retail Sales Rise 1.0% in May, June Momentum Seen Continuing appeared first on ActionForex.

The European Central Bank left its key interest rates unchanged as widely expected, keeping the deposit rate at 2.25%, while acknowledging that renewed energy market volatility has complicated the inflation outlook. Rather than signalling any change in policy direction, the Governing Council emphasized that the “outlook for energy prices, while highly volatile,” remains well above […] The post ECB Holds Rates, Closely Watches Energy Shock and Inflation Spillovers appeared first on ActionForex.

23 July 2026 The Governing Council today decided to keep the three key ECB interest rates unchanged. The outlook for energy prices, while highly volatile, currently stands close to the baseline of the June Eurosystem staff projections and well above the levels recorded prior to the conflict in the Middle East. Uncertainty remains high and […] The post (ECB) Monetary policy decisions appeared first on ActionForex.

EURUSD is rising on expectations of ‘hawkish’ rhetoric from the ECB. The rally in Brent crude and Treasury yields is not helping the US dollar. The US dollar has retreated, despite rising oil prices and the resulting increase in US Treasury yields. Houthi attacks on tankers in the Red Sea have heightened geopolitical risks and […] The post Euro Focuses on the ECB appeared first on ActionForex.

EUR/USD rose to 1.1429 on Thursday, with the US dollar continuing its moderate decline from the previous session. The market is assessing rising inflation risks driven by elevated energy prices against a backdrop of weakening economic data, while seeking further signals on Federal Reserve policy. At next week’s meeting, the regulator is expected to keep […] The post EUR/USD Recovers as Dollar Weakens appeared first on ActionForex.

TL;DR: Brent oil has surged from to above $97 on Red Sea attacks and Strait of Hormuz escalation, bringing the psychological $100 level into view. While broader markets (stocks, bonds, currencies) have treated the move as a geopolitical risk premium, a decisive break above $100 could signal investors are pricing genuine supply disruption-a narrative shift that […] The post Red Sea Attacks Push Brent Oil Toward $100. Will Markets Finally React? appeared first on ActionForex.

The pound remains under pressure following the release of weaker-than-expected UK inflation data. The slowdown in inflation has strengthened expectations that the Bank of England could adopt a more accommodative policy stance in the coming months, weighing on sterling. Meanwhile, the euro continues to trade within a relatively narrow range as investors await fresh signals […] The post Pound Weakens After Soft UK Inflation Data as EURo Awaits Fresh Market Signals appeared first on ActionForex.