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Markets After a (brief) spike in risk-aversion/volatility over the previous 10-days, markets returned to an ‘easy going, low volatility environment’. Moves in core interest rates and FX were limited. Stocks thrived. Markets again turned more confident on a China-US trade deal after some comforting comments from US officials, including president Trump. For now, there is […]

The post Bank of Japan Officials in No Hurry to Raise Policy Rate Next Week appeared first on Action Forex.

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23/07/2024

Copper (HG) Double Three Elliott Wave Correction in Progress

Short Term Elliott Wave View in Copper (HG) suggests that correction from 5.20.2024 high remains in progress. The internal subdivision of the correction is unfolding as a double three Elliott Wave structure. Down from 5.20.2024 high, wave (W) ended at 4.305 and rally in wave (X) ended at 4.7015. Wave (Y) lower is in progress […]
13/06/2025

EURCHF Wave Analysis

EURCHF: ⬇️ Sell EURCHF reversed from the resistance zone Likely to fall to support level 0.9300 EURCHF currency pair recently reversed down from the resistance zone between the key resistance level 0.9410 (which has been reversing the price from April), the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from […]
04/03/2025

RBA Minutes Hawkish, Aussie Edges Higher

The Australian dollar has edged higher on Tuesday. AUD/USD is trading at 0.6243 in the European session, up 0.28% on the day. RBA minutes: Don’t count on more cuts The Reserve Bank of Australia’s minutes from the February meeting reiterated the central bank’s cautious stance. The meeting marked a milestone as the RBA pressed the […]