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Eurozone economy has been improving in 2024 But investors still anticipate an ECB rate cut in June The flash PMIs could impact bets beyond that meeting The data comes out on Thursday at 08:00 GMT ECB signals confidence in lowering rates At their latest gathering, ECB officials decided to keep interest rates unchanged as expected […]

The post How Will Eurozone PMIs Impact ECB Expectations? appeared first on Action Forex.

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25/04/2024

EURJPY Wave Analysis

EURJPY under bullish pressure Likely to rise to resistance level 167.00 EURJPY currency pair under the bullish pressure after the price broke through the key resistance level 165.00, which has been reversing the price from March. The breakout of the resistance level 165.00 accelerated the active impulse waves iii, 3 and (5). Give the strength […]
27/12/2023

USD/JPY Steady, BoJ Releases Summary of Opinions

BoJ Summary of Opinion highlights split over shift in policy The Japanese yen continues to have a quiet week. In the European session, USD/JPY is trading at 142.54, up 0.12%. The Bank of Japan’s summary of opinions from the December meeting was released earlier today. That meeting was somewhat of a disappointment to the markets, […]
02/05/2024

FX Interventions Do Not Change a Currency’s Fundamental Course

Markets The Fed kept the policy rate stable at the 5.25%-5.50% range yesterday. The statement did feature some changes, including that “In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective.” It also announced that the Fed will reduce the pace of QT in Treasuries from $60bn […]