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The RBA Board is uncertain, including about the staff’s judgements about demand and supply. But is being data-dependent any better? Much has been made of the number of times the word ‘uncertainty’ or its variants appeared in the minutes of the RBA Board meeting in August. Perhaps more noteworthy was the increase in the number […]

The post Being Data-Dependent in an Uncertain World appeared first on Action Forex.

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04/01/2024

EURJPY Speeds Above Key Barrier

EURJPY rises above key resistance, but more remain Technical signals show improvement EURJPY has been in a range between its 20- and 200-day simple moving averages (SMAs) over the past month, currently pushing for a close above the former at 156.45 after failing twice to overcome it in December. The technical indicators are sending some […]
09/08/2024

GBPJPY Climb Continues

GBPJPY is edging higher today, recording another green session It remains around 10% below its recent peak Momentum indicators acknowledge this bullish reaction GBPJPY is edging higher again today, recording its third consecutive green candle and recovering by around 4% above its August 5 low. The market has settled down a bit following the recent rout, […]
10/07/2024

USDJPY Wave Analysis

USDJPY reversed from the key support level 160.00 Likely to rise to the resistance level 162.00 USDJPY currency pair recently reversed up from the key support level 160.00 (former resistance from April, which stopped the previous impulse wave (1)). The upward reversal from the support level 160.00 started the active minor impulse wave v, which […]