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Core PCE inflation to test bets of two Fed rate cuts in 2024 Yen awaits BoJ Summary of Opinions, Tokyo CPI Canadian CPI data also enters the spotlight Will PCE data confirm Fed rate cut bets? Although the Fed’s updated dot plot pointed to only one quarter-point reduction by the end of the year, the […]

The post Week Ahead – US PCE Inflation the Highlight of a Relatively Light Agenda appeared first on Action Forex.

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02/04/2024

EURJPY Wave Analysis

EURJPY reversed from resistance level 164.30 Likely to fall to support level 162.00 EURJPY currency pair recently reversed down from the resistance level 164.30, former multi month high from the middle of November. The resistance level 164.30 was strengthened by the upper daily Bollinger Band. EURJPY currency pair can be expected to fall further to […]
23/05/2024

Bitcoin Prepares for $100K Hike

Market picture The crypto market is quiet, hovering around a total capitalisation of $2.6 trillion for the third day. Bitcoin has so far failed to gain a foothold above $70K, and this is curbing the enthusiasm. It is losing 0.3% in 24 hours against Ethereum’s 0.6% rise. The top altcoins have comparatively subdued and varied […]
17/06/2024

USD/JPY: Bulls Hold Grip for Retest of Pivotal Fibo Barrier

USDJPY firmed further on Monday and partially offset warning from long upper shadow of Friday’s daily candle, as fresh strength looks for retest of pivotal Fibo resistance at 158.22 (76.4% of 160.19/151.85) which capped Friday’s rally. Firm break here to open way towards targets at 160.00/19 (psychological/2024 high, posted on Apr 29). Technical picture on […]