USD/CAD Weekly Outlook - ActionForex

    USD/CAD Weekly Outlook – ActionForex

    USD/CAD fall from 1.4247 resumed after initial recovery to 1.4127. While deeper decline cannot be ruled out, downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954 to bring rebound. Firm break of 1.4127 will bring stronger rally to retest 1.4247 high. However, sustained break of 1.3954/65 will bring…

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    EUR/AUD Weekly Outlook - ActionForex

      EUR/AUD Weekly Outlook – ActionForex

      EUR/AUD rebounded notably after initial dip to 1.6250. The development suggests that near term corrective pattern from 1.6108 (or 1.6125) is still extending. Initial bias is neutral this week first. On the upside, above 1.6492 will target 1.6617 resistance first. On the downside, break of 1.6250 will bring deeper fall back to retest 1.6108 low….

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      This file photo taken July 3, 2026, shows a clerk checking U.S. dollar notes at a center of Hana Bank in Seoul. (Yonhap)

        Daily FX turnover hits fresh high in Q2: BOK

        SEOUL, July 31 (Yonhap) — Daily foreign exchange (FX) trading by banks in South Korea hit an all-time high in the second quarter, driven by foreigners’ investment in the local equity market, central bank data showed Friday. Average daily FX turnover, including derivatives trading, came to an average of US$121.44 billion during the April-June period,…

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        EUR/USD daily chart

          Why the Rebound Still Looks Fragile Near Resistance

          EURUSD no longer looks as straightforward as it did just a few sessions ago. The pair had been benefiting from broad pressure on the US dollar, but that mood now feels less convincing as traders weigh several competing forces at once. What stands out is not just the pullback itself, but the sense that conviction…

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          AUD/JPY Analysis 31/07: Aussie Buyers Return (Video)

            AUD/JPY Analysis 31/07: Aussie Buyers Return (Video)

            The Aussie dollar has plunged against the Japanese yen during trading on Thursday as the Bank of Japan has clearly intervened. With this being the case, it’s worth noting that we didn’t break new ground to the downside; we just tested support. It’s also worth noting that the Japanese have intervened a few times in…

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            NASDAQ 100: 48 Hours of Chaos, One Trendline Standing in the Way

              NASDAQ 100: 48 Hours of Chaos, One Trendline Standing in the Way

              Wall Street just lived through one of its wildest 48 hours of the year. On Wednesday, the Fed held rates steady at 3.50%-3.75%, but three FOMC members broke ranks to demand a hike—an unusually hawkish dissent that sent the Dow plunging over 1,100 points, its worst session since April 2025. Treasury yields spiked, with the…

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              Japan Conducts Forex Intervention: Sources

                Japan Conducts Forex Intervention: Sources

                Newsfrom Japan Economy Jul 31, 2026 16:23 (JST) Tokyo, July 31 (Jiji Press)–The Japanese government and the Bank of Japan carried out a yen-buying, dollar-selling market intervention for the first time in about three months on Thursday night, during New York trading hours, informed sources said Friday. Japanese authorities likely conducted a surprise intervention as…

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                Japan Finance Minister Mum on Possible Forex Intervention

                  Japan Finance Minister Mum on Possible Forex Intervention

                  Newsfrom Japan Economy Jul 31, 2026 14:11 (JST) Tokyo, July 31 (Jiji Press)–Japanese Finance Minister Satsuki Katayama on Friday declined to comment on whether Japanese authorities have intervened into foreign exchange markets to prop up the yen. “I can say nothing about it at this point,” Katayama told reporters at the Finance Ministry after the…

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