BoJ Governor Kazuo Ueda, in a speech today, reinforced the necessity “to continue with monetary easing” in Japan, citing the country’s vulnerability to a decelerating global economy and doubts surrounding the sustainability of wage increases. Ueda cautioned against hasty modifications to the prevailing policy, emphasizing the high stakes involved. “The cost of prematurely shifting policy, […]
The post BoJ Ueda: It’s necessary to continue with monetary easing appeared first on Action Forex.
Week in review: Sentiment jumps around between positive CPI & PPI reports and major geopolitical turmoil The week began quietly across most asset classes, except for cryptocurrencies—Bitcoin surged to the $110,000 level before pulling back. Read more…
Gold: ⬆️ Buy Gold recently broke resistance level 3400.00 Likely to rise to resistance level 3500.00 Gold recently broke the resistance level 3400.00 coinciding with the resistance trendline of the daily Triangle from April. The Read more…
EURUSD: ⬇️ Sell EURUSD reversed from the resistance level 1.1575 Likely to fall to support level 1.1400 EURUSD currency pair recently reversed down from the resistance level 1.1575, which stopped the previous sharp impulse wave Read more…