Summary Manufacturing activity remained in contraction territory in June, but in a sign of moderating inflation pressure, the prices paid component fell 4.9 points. New orders rose more than any other component but remains in contraction. Prices Cool The ISM manufacturing index slipped to 48.5 in May as tight credit conditions and elevated borrowing costs […]
Next week, markets await the Bank of Japan’s policy rate, monetary policy statement, and press conference, market participants are speculating whether the BOJ will raise interest rates for the first time since 2007. Last week, the Yen appreciated by 1.85% against the Euro, as EURJPY dropped from a high of 163.56 to a low of […]
The post EUR/JPY Price Forecast – Technical Analysis Outlook appeared first on Action Forex.
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Buy S&P 500 reversed from support area Likely to rise to resistance level 5700.00 S&P 500 index recently reversed from the support area located between the support level 5500.00 (low of the previous wave (A)), lower daily Bollinger Band and the 61.8% Fibonacci correction of the uptrend from August. The downward reversal […]