Logo-color Logo-white

Key Highlights USD/JPY started a fresh increase above the 145.00 resistance. A key bullish trend line is forming with support at 145.35 on the 4-hour chart Gold prices failed to clear the $2,050 resistance and declined again. The US CPI increased 3.4% in Dec 2023 (YoY), whereas the market forecast was 3.2%. USD/JPY Technical Analysis […]

The post USD/JPY Regains Strength, US CPI Increased 3.4% appeared first on Action Forex.

previous

FTSE 100 index Wave Analysis

next

Silver (XAGUSD) Remains Sideways

Read More

21/03/2024

Japanese Yen (USD/JPY) Hits Four-Month Low

The USD/JPY pair surged to a four-month high as investors recalibrated their expectations for the Bank of Japan’s future actions. The consensus is now that the BoJ’s monetary policy will remain accommodative, even with the shift away from negative interest rates. On Tuesday, the Bank of Japan announced its first interest rate hike in 17 […]
20/02/2024

RBA Minutes: Plus ça change

A longer meeting, but an expected outcome – the case to hold outweighed the case to hike. This month’s minutes were the first under the new arrangements with longer meetings. While the list of attendees was longer – including the Chief Communications Officer – the minutes themselves were only marginally longer than the previous month’s […]
27/04/2024

GDP Data to show Canadian Economy Lost Momentum Late in First Quarter

On Tuesday, we expect Canadian gross domestic product in February to show a more subdued 0.1% increase than the 0.6% jump in January and below the 0.4% advance estimate released a month ago. The surge in January output was in part tied to transitory factors that will not happen again. Half of the increase came […]