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Nikkei 225: ⬆️ Buy Nikkei 225 broke resistance level 64000.00 Likely to rise to resistance level 68000.00 Nikkei 225 index recently broke above the resistance level 64000.00 – which stopped the previous impulse wave i at the start of May. The breakout of the resistance level 64000.00 accelerated the active impulse waves iii and 3. […] The post Nikkei 225 Index Wave Analysis appeared first on ActionForex.

The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 2.25% today, but the decision delivered a distinctly hawkish message as policymakers signaled that rate hikes are likely coming sooner and more aggressively than previously expected. In a major surprise, the Monetary Policy Committee split evenly 3-3, forcing Governor Anna Breman to […] The post RBNZ Delivers Hawkish Hold as Split Vote Signals Rate Hikes Coming Soon appeared first on ActionForex.

Australia’s headline inflation unexpectedly softened in April, reinforcing the view that the Reserve Bank of Australia may remain cautious about delivering further rate hikes despite still-elevated core price pressures. Headline CPI slowed from 4.6% yoy to 4.2% yoy, below expectations of 4.4% yoy. On a monthly basis, CPI rose 0.4% mom, undershooting forecasts of 0.6% […] The post Australia CPI Slows More Than Expected to 4.2% as Fuel Inflation Eases appeared first on ActionForex.

Gold prices retreated to $4,504.30 per troy ounce despite ongoing geopolitical tensions and the closure of the Strait of Hormuz, suggesting a complex market dynamic beyond typical safe-haven demand. Silver, however, managed a modest gain.

USD/JPY is retesting higher levels as market optimism surrounding a swift US-Iran agreement begins to wane, potentially putting the 160 psychological barrier back in focus. Traders are now watching Japan's response to potential currency intervention.

US consumer confidence fell slightly to 93.1 in May, a modest decline from April's 93.8, driven by persistent inflation linked to Middle Eastern geopolitical events. While beating expectations, the drop signals growing household pressure.

ArcelorMittal SA (MT) is currently ranked as the 16th top stock among 50 companies in the Global Mining Titans Index, reflecting strong analyst sentiment. Despite recent price consolidation, the steel giant's position suggests potential upside.

Despite potential de-escalation in the Middle East, ECB's Isabel Schnabel indicated that inflation pressures have spread too widely to avert a June rate hike, potentially pushing EUR/USD below 1.07.

ArcelorMittal SA (MT) has been ranked as a top pick by major brokerages, securing the 16th position within the Global Mining Titans Index. The steel and mining giant's strong analyst sentiment comes as the index itself adapts to fluctuating market conditions.

GBP/USD has surged past the 1.3400 resistance, forming a bullish rising channel on the 4-hour chart. Traders are now watching key technical levels to determine if the recovery trend can extend towards 1.3500 and beyond.