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BoJ expected to leave rates at 0.25% Lowest inflation since April at 2.5% Yen dives to new 3-month low Decision comes out on Thursday at 03:00 GMT BoJ to leave rates unchanged The Bank of Japan (BoJ) is anticipated to maintain its existing interest rates during the policy meeting on October 31. This decision reflects Governor Kazuo Ueda’s prudent […]

The post BoJ to Stand Pat; Yen Under Pressure appeared first on Action Forex.

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06/02/2024

GBPUSD Plummets to 2-month Low

GBPUSD tests 200-day SMA after strong sell-off Prices break trading range to the downside Outlook looks bearish in short-term GBPUSD plunged to a new almost two-month low of 1.2517 on Monday’s session, falling beneath the short-term trading range and the 200-day simple moving average (SMA).  Currently, the market is recovering some losses with the RSI […]
22/01/2024

Nasdaq-100 Wave Analysis

Nasdaq-100 broke resistance level 16930.00 Likely to rise to resistance level 17500.00 Nasdaq-100 index recently broke the key resistance level 16930.00, which stopped the previous impulse waves (1) and 1. The breakout of the resistance level 16930.00 accelerated the active minor impulse wave 3 of the higher order impulse sequence (3) from the start of […]
21/08/2024

Sunset Market Commentary

Markets The ‘waiting game’ continued today in Europe and at the onset of the US trading session, counting down in the first place to today’s BLS payrolls revisions and to the Minutes of the Fed July 31 policy meeting later today. Even the $16 bn sale of 20-y US Treasuries might provide some insight on […]