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Technical Analysis Current Policy Rate: 0.5% (Highest since 2008) Previous Hikes: March 2024: Exit from ultra-loose stimulus. July 2024: Rate increased to 0.25%. January 2025: Rate increased to 0.5%. Fundamental Factors Affecting the BOJ’s Decision Accommodative Financial Conditions Persist Policymakers acknowledged that interest rates remain negative, even after the latest hike. Further tightening remains an […]

The post GBPJPY: BoJ Discusses Future Plans appeared first on Action Forex.

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06/09/2024

Bitcoin Pressured by Risk-Off Mood

Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below the bi milestone of $2 trillion. This level acted as resistance in early February and support since May, except for a brief dip in early August. The horizontal correction pattern risks turning into a downtrend if the market breaks below […]
02/09/2024

WTI Outlook: Oil Prices Remain Under Pressure on Demand Concerns, OPEC Production Increase

Oil price fell further in early Monday, in extension of Friday’s 3% drop (the biggest daily loss since Aug 14). The sentiment weakened further on renewed concerns about demand from the US and China, partial reopening of Libya’s oil installation and decision from OPEC to increase production by 180,000 barrels per day in October, partially […]
17/04/2024

EUR/CHF Technical: Bullish Exhaustion Condition Detected After 2-Month of Rallies

A bolder dovish ECB increases the likelihood of a yield premium shrinkage of Eurozone sovereign bonds over Switzerland sovereign bonds. The recent 2-month of rallies seen in the EUR/CHF have been overstretched with bearish momentum conditions flashed out. EUR/CHF is at risk of shaping a short-term mean reversion decline within a medium-term uptrend phase. Watch […]