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The inflation target has been met for 22 consecutive months. Price pressures consistently rhymes with 2% annual inflation but the sustainability of that depends on wage increases. We think the BoJ is almost ready to hike the interest rate to zero and dismantle yield curve control. However, we see no reason to rush and expect […]

The post BoJ Hike in Sight – But No Reason to Rush appeared first on Action Forex.

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02/02/2024

USDCHF Selling The Pair At The Blue Box Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of USDCHF published in members area of the website. As our members know, the pair is bearish against the 0.9246 pivot. Our team recommended members to avoid buying , while keep favoring the short side in […]
11/12/2023

GBPCHF Wave Analysis

GBPCHF reversed from support level 1.1000 Likely to rise to resistance level 1.1125 GBPCHF recently reversed up from the round support level 1.1000, lower boundary of the sideways price range inside which the pair has been trading from the start of November. The support level 1.1000 was strengthened by the lower daily Bollinger Band and […]
02/07/2024

RBA Minutes: Gaps Are Narrowing, And So Is The Path

The RBA’s strategy relies on assessing gaps between supply and demand. There are uncertainties involved in this approach, but so far, the inflation outlook hasn’t changed enough to spur a rate increase. The minutes for the RBA Board’s June 2024 meeting highlighted that levels matter in the RBA’s view of the economy, as well as […]