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EURJPY flips backwards to retest familiar support zone Trend signals lean to the negative side More sellers might show up below 160.70 EURJPY could not sustain its recent recovery attempt above the 162.00 round level, drifting lower to seek shelter near the important support trendline, which came to the rescue on Thursday. The pair eased back […]

The post EURJPY Has One More Chance Before Bears Take the Lead appeared first on Action Forex.

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29/07/2024

Will BoJ Raise Rates at this Policy Meeting?

BoJ may shake the market with a rate hike The bank plans to unveil a strategy to roughly halve bond Yen recoups some losses with notable bullish correction Decision is due on Wednesday at 03:00 GMT Will BoJ hike rates on Wednesday? At its next meeting, the Bank of Japan (BoJ), one of the most important […]
28/06/2024

Sunset Market Commentary

Markets Today’s avalanche of inflation numbers had little surprises in store. Euro area member states France (0.1% m/m, 2.6% y/y) and Spain (0.3% m/m, 3.5% y/y) reported theirs ahead of the June European figure next Tuesday. Both printed bang in line with expectations, suggesting an outcome close to the European consensus of 2.5%. US May […]
15/03/2024

XTIUSD Extends Bullish Phase, but Watch for Retracement Levels Before Continuing to Buy!

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