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Next week, markets await the Bank of Japan’s policy rate, monetary policy statement, and press conference, market participants are speculating whether the BOJ will raise interest rates for the first time since 2007. Last week, the Yen appreciated by 1.85% against the Euro, as EURJPY dropped from a high of 163.56 to a low of […]

The post EUR/JPY Price Forecast – Technical Analysis Outlook appeared first on Action Forex.

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12/08/2024

WTI Wave Analysis

WTI reversed from support zone Likely to rise to resistance level 78.00 WTI crude oil recently reversed up from the support zone set between the strong support level 72.40 (which has been reversing the price from February) and the lower daily Bollinger Band. The upward reversal from this support area stopped the c-wave of the […]
28/03/2024

Canada’s Economy Boosted in January, Strong Gain Expected for February

The Canadian economy kicked off the year on a positive note, growing by 0.6% on a month-on-month (m/m) basis in January. This print comes in above Statistics Canada’s advanced guidance and market expectations for a 0.4% m/m gain. The flash estimate for February points to another healthy advance of 0.4% m/m. January’s reading was broad-based, […]
16/04/2024

Hard to Justify a Cut

A stronger-than-expected retail sales data from the US cemented the idea that the US economy remains too strong for the Federal Reserve (Fed) to cut the rates in summer. Retail sales jumped 0.7% in March on a monthly basis, more than 4% on a yearly basis, the 3 and 6-month bill auctions were weak, and […]