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The Japanese yen is showing limited movement to start off the week. In the European session, USD/JPY is trading is almost unchanged at 149.07. Will the BoJ raise rates on Tuesday? The Bank of Japan will make its rate announcement on Tuesday and there is a strong possibility that the BoJ will lift interest rates […]

The post USD/JPY in Holding Pattern Ahead of Key BoJ Meeting appeared first on Action Forex.

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01/08/2024

Confidence Grows Amongst FOMC Members

The scene is set for a September first cut by the FOMC. The underlying inflation trend warrants a series of cuts at a measured pace to a 3.375% terminal by mid-2026. At the July meeting, the FOMC kept rates steady but stated that the economy is moving closer to the point at which it will […]
10/04/2024

EURUSD Oscillates Within a Sideways Range

EURUSD trades sideways between 1.0725 and 1.0930 Oscillators confirm the lack of directional momentum A move above 1.0930 may be needed to brighten the outlook EURUSD pulled back on Tuesday, after hitting resistance slightly above the 1.0875 barrier, marked by the high of April 4. In the bigger picture, most of the price action has […]
17/01/2024

GBPAUD Wave Analysis

GBPAUD broke weekly down channel Likely to rise to resistance level 1.9265 GBPAUD currency pair recently broke the resistance trendline of the weekly down channel from last September. The breakout of this this down channel accelerated the active intermediate impulse wave (3). Given the strong Swiss franc sales seen across the FX markets today, USDCHF […]