Logo-color Logo-white

NZDJPY falling inside ABC correction (2) Likely to reach support level 92.00 NZDJPY currency pair falling sharply after the price broke the support area located between the support level 95.50 and the 38.2% Fibonacci retracement of the previous impulse (1) wave from April. The breakout of this support area accelerated the active impulse wave C […]

The post NZDJPY Wave Analysis appeared first on Action Forex.

previous

EUR/JPY Outlook: Collapses to Five-Week Low on BoJ Rate Hike Signals

next

NZDUSD Plunges to New Multi-Week Low

Read More

11/04/2024

Sunset Market Commentary

Markets The ECB kept its policy rates unchanged. A few members were already inclined to lower rates, but they eventually rallied behind the consensus. In it policy statement, the central bank altered its forward guidance preparing for a likely policy rate cut in June. “If the Governing’s Council’s updated assessment of the inflation outlook, the […]
27/05/2024

USD/JPY Steady as BoJ’s Ueda Urges Caution

The Japanese yen has been drifting since late last week and is calm on Monday. USD/JPY is trading at 156.85, down 0.09% on the day at the time of writing. Ueda: BoJ will proceed with caution The Bank of Japan has been outlier, as it looks to raise interest rates at a time when other […]
12/01/2024

Week Ahead – China GDP and UK December CPI Reports Eyed Amid Rate Cut Frenzy

China reports Q4 GDP data on Wednesday; is a rebound in store? CPI numbers due in UK, Japan and Canada Retail sales to be the main focus in the US Is China’s recovery getting back on track? The Chinese economy suffered several wobbles in 2023, as the property crisis went from bad to worse. Markets […]