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Strong wage outcomes saw the Bank of Japan end its negative interest rate policy but further moves are still a world away. At their March meeting, the Bank of Japan raised its policy rate to the range of 0% – 0.1% having “assessed the virtuous cycle between wages and prices” and judged “that the price […]

The post A New World Imagined by BoJ, But Not Yet Realised appeared first on Action Forex.

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14/05/2024

Ethereum Knocking at Support’s Door

Market picture Crypto market capitalisation rose 0.8% over the past 24 hours to 2.2 trillion, but growth exceeded 2% for most of the period. However, it dipped at the start of active European trading, temporarily returning to levels of a day ago. Bitcoin has added 0.9% over the past 24 hours, while Ethereum has increased […]
12/07/2024

GBPAUD Wave Analysis

GBPAUD reversed from support level 1.8945, Likely to rise to resistance level 1.3700 GBPAUD currency pair recently reversed up from the powerful support level 1.8945, which has been repeatedly reversing the price from the start of May. The price made numerous Japanese candlesticks reversal patterns near the support level 1.8945 – forming the daily Bullish […]
26/08/2024

EURUSD Eyes 2023 Top After Quick Rally

EURUSD returns to positive trend after Powell confirms dovish policy adjustment Technical signals reflect weakening positive bias; next resistance could be at 1.1240-1.1274 EURUSD has had a great August so far, rising sharply from 1.0776 to nearly 1.1200 to mark its best monthly performance since November 2022. The pair violated a bearish engulfing candlestick pattern […]