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GBPJPY is in the red again today, not far from its recent high It has dropped below the January 2, 2024 ascending trendline Momentum indicators are in waiting mode for the next key market events GBPJPY is trading lower again today as the market is preparing for today’s US labour market report, which could play […]

The post GBPJPY Trades Lower Ahead of Key Market Events appeared first on Action Forex.

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13/03/2024

US Inflation in No Hurry to Slow, But Markets Don’t Care

US consumer inflation beat expectations for the fourth month in a row. The CPI rose 0.4% m/m. The monthly growth rate has been rising since October. The year-over-year rate climbed to 3.2%, a bit above forecasted 3.1%. Core CPI rose 0.4% m/m for the second month. The annual growth rate slowed to 3.8%, which formally […]
03/01/2024

NZD/USD Technical: Pulled Back Towards Potential Bullish Inflection Zone

Medium-term uptrend phase from 26 October 2023 remains intact. 6240 is the potential bullish inflection level. Hourly RSI has flashed a bullish momentum breakout condition. The Kiwi (NZD/USD) has been oscillating within a medium-term uptrend phase in place since 26 October 2023 low of 0.5774. So far, it has rallied by +596 pips/+10.3% to print […]
15/12/2023

WTI Oil Technical: Momentum-Term Downside Momentum Has Eased

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