Logo-color Logo-white

EURJPY broke resistance area Likely to rise to resistance level 164.90 EURJPY currency pair just broke the resistance area located between the resistance level 162.50 and the 61.8% Fibonacci correction of the earlier sharp downward impulse (c) from the end of July. The breakout of this resistance area is aligned with the clear multi-month uptrend […]

The post EURJPY Wave Analysis appeared first on Action Forex.

previous

U.S. retail sales starts third quarter on an upbeat note 

next

Cliff Notes: Labour Market Critical to the Medium-Term Outlook

Read More

27/03/2024

Dollar Pushes Higher as S&P 500 Set for 5th Monthly Gain

Yesterday was a slow day in terms of data and information flow and a strong day in terms of meme trading and speculation, as Donald Trump’s Truth Social flew with its own wings for the first time yesterday, following last week’s successful merger with DWAC. Trump’s Media and Technology Group rose up to 60% under […]
23/01/2024

ECB Meeting: Summer Rate Cut in Focus Amid Pushback by the Hawks

ECB faces a communication challenge in first meeting of the year Timing of rate cut likely to dominate discussion, but hawks to resist Mixed messages unhelpful to euro ahead of the decision on Thursday (13:15 GMT) Flash PMIs on Wednesday (11:00 GMT) on the agenda too Progress on inflation may be slowing  After inflation shot […]
11/01/2024

Rising (US) Yields Should Provide a Bottom for Dollar

Markets ECB’s Schnabel triggered some unexpected market action yesterday. The German board member lived up to her hawkish reputation by noting that talk about rate cuts is premature. That’s more so because the recent decline in bond yields, exactly because of rate cut expectations, have loosened financial conditions more than thought. Combined with sentiment indicators […]