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Tokyo CPI report kicks off a very interesting period for the BoJ Earnings data under the microscope until we get wage news Yen’s recent gains against the euro are under threat if data releases turn negative Tokyo CPI released on Tuesday; average earnings data on Wednesday Strong start of 2024 with Tokyo CPI and earnings […]

The post Could Tokyo CPI Be Another Small Step Towards the Much-Touted BoJ Normalization? appeared first on Action Forex.

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EUR/USD: Near-Term Action Remains in Sideways Mode and Looks for Direction Signals

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02/07/2024

Australian Dollar Eyes Retail Sales

The Australian dollar has posted slight losses on Tuesday. AUD/USD is trading at 0.6649 in the European session, down 0.15% on the day. Australian retail sales expected to improve Australian consumers have been in frugal mood and have reduced their discretionary spending. Consumers have been squeezed by high borrowing costs and the high cost of […]
21/08/2024

Elliott Wave Analysis on EURUSD Impulsive Rally Favors the Bull Side

Short Term Elliott Wave View in EURUSD suggests that pair is close to form a bullish sequence. A break above the previous high on 12.28.2023 at 1.1139 suggests the next leg higher has started. Near term, rally from 6.26.2024 low is unfolding as a 5 waves impulsive structure. Up from 6.26.2024 low, wave 1 ended […]
11/12/2023

The Flash Sell-off in Crypto?

Market Picture A wave of profit-taking hit the cryptocurrency market on Monday morning. It seems that the failure of cryptocurrencies to rise over the weekend caused players to pull stop orders very close to market prices, and we saw a massive exit from long positions in low liquidity before the regular session in Asia. Strong […]