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Week in Review: Trump Taco, USD indecision and RBNZ Rate decision This week was once again filled with tradable action in markets. The week started off with closed US and UK markets, a broadly positive sentiment taking global indices higher in the beginning of the week with the Nikkei 225 leading the charge. The US […]

The post Week Ahead: May NFP, Bank of Canada and ECB Rate Decisions appeared first on Action Forex.

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23/04/2025

Bitcoin Wave Analysis

Bitcoin: ⬆️ Buy Bitcoin broke round resistance level 90000.00 Likely to rise to resistance level 95000.00 Bitcoin cryptocurrency today broke the resistance area between the round resistance level 90000.00 and the 38.2% Fibonacci correction of the downward wave (A) from January. The breakout of this resistance area should accelerate the C-wave of the active ABC […]
18/07/2024

GBPJPY Wave Analysis

GBPJPY reversed from the resistance area Likely to fall to support level 201.65 GBPJPY currency pair continues to fall after the price reversed down from the resistance area located between the upper trendline of the weekly up channel from last year and the upper weekly Bollinger Band. The downward reversal from this resistance area created […]
07/05/2024

RBA on Gold and Remains Vigilant to the Upside

Rates unchanged as expected, as Board balances near-term inflation risks with desire to avoid recession. As expected, the RBA Board left the cash rate target unchanged at 4.35% following its May meeting but strengthened its rhetoric around upside inflation risks. The statement highlighted that inflation is declining, but more slowly than expected. Services inflation is […]