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On March 21, the value of the Japanese stock index reached a historical maximum, exceeding the level of 41,100 points. This was facilitated by: → Weak yen supporting exporters. It increases the value of profits earned abroad for a large number of companies that sell their products abroad and then convert the profits into yen. […]

The post NIKKEI-225 Analysis Indicates Possibility of Correction from Historically High Levels appeared first on Action Forex.

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12/07/2024

EUR/USD Outlook: Bulls Hold Grip for Further Advance

EURUSD continues to trend higher, with minimal negative impact from hotter than expected US PPI data (Jun 0.2% m/m vs 0.1% f/c and 0.0% in May). The latest bull-leg extends into third straight and day pressuring Thursday’s post US CPI spike high (1.0898) which guards pivotal barriers at 1.0919 (Jun 4), 1.0981 (Mar 8) and […]
30/11/2023

EUR/GBP – Down for Sixth Day as Eurozone Inflation Falls Again

Eurozone HICP inflation 2.4% in October (2.9% in September, 2.7% expected) Eurozone core HICP inflation 3.6% in October (4.2% in September, 3.9% expected) EURGBP continues lower after bearish breakout on Monday Eurozone inflation fell much further than expected in October, leaving the headline HICP rate within touching distance of the ECB’s 2% target. While policymakers […]
31/01/2024

GBPJPY Wave Analysis

GBPJPY reversed from resistance level 79.15 Likely to fall to support level 184.50 GBPJPY currency pair recently reversed down from the key resistance level 188.55 which has been reversing the price from November, as can be seen below. The downward reversal from the resistance level 188.55 started the active short term impulse wave c. Given […]