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So far this week, USD/CHF has shown a strong rebound following the spike to the downside last Friday when US jobs data came out slightly higher than expected. However, we viewed this move as only a temporary reaction, as the USDCHF pair had been trading at strong support. From an Elliott Wave perspective, this drop […]

The post USD/CHF: Bullish Momentum Continues After SNB RateCut appeared first on Action Forex.

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11/11/2024

NZ First Impressions: RBNZ Survey of Expectations, Q4 2024

Near term inflation expectations have dropped back, but longer-term expectations are up. Inflation expectations One year ahead: 2.05% (Prev: 2.40%, down 35 points) Two years ahead: 2.12% (Prev: 2.03%, up 9 points) Five years ahead: 2.24% (Prev: 2.07%, up 17 points) Ten years ahead: 2.19% (Prev: 2.03%%, up 16 points) The latest survey of inflation […]
14/10/2024

BTCUSD – Fresh Bulls Broke Through 200DMA Which Capped Action for Two Weeks

BTCUSD regained traction on Monday and resumes bull-leg off 58850 (Oct 10 low) after two-day pause. Fresh advance broke through 200DMA (63302) which capped the action in past two weeks, advancing around 3.5% during Asian and European session. Bulls cracked Fibo barrier at 64691 (76.4% retracement of 66495/58850) and eye next pivot at 65424 (falling […]
18/12/2024

BoJ to Hold Rates Amid Uncertainty About Policy Path

BoJ may leave rates unchanged in December’s meeting Next rate hike may not come until March Policy decision is due on Thursday at 03:00 GMT Yen weakness continues Market consensus overwhelmingly for steady rates The Bank of Japan (BOJ) is anticipated to keep its interest rate steady at 0.25% during its upcoming two-day meeting on December 18-19, the last one […]