Eco Data 1/22/25 – Action Forex

Markets opened the holiday-shortened week on a cautiously optimistic note, with technology stocks leading a rebound in equities as Federal Reserve officials signaled openness to further rate cuts, though trading volumes remained thin ahead of Thanksgiving. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News…

The main event of the week is the release of the Personal Consumption Expenditures (PCE) index, which the Federal Reserve particularly focuses on when assessing inflation in the US. The release is scheduled for Friday at 15:30 GMT+3. As this important event approaches, rumours and trader expectations about the news increasingly impact the current price…

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Daily Pivots: (S1) 149.33; (P) 150.14; (R1) 150.72; More… Intraday bias in USD/JPY remains neutral for the moment. Strong resistance is still expected from 150.92 to complete the corrective recovery from 146.52. On the downside break of 148.17 support will bring retest of 146.52 first. Sustained trading below 61.8% retracement of 139.57 to 158.86 at…

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