Single Candlestick Patterns
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[EUR/USD] Euro Faces Pressure Due to Dollar Strength
Following the FOMC results, the euro fell from around 1.05 to the mid-1.03 range. Yesterday, short covering for the euro was strong, and the price was pushed back up to …
[USD/JPY] Bank of Japan Stays Unchanged
At the Bank of Japan (BOJ) meeting, the decision was made to keep the policy interest rate unchanged. Some had expected a 0.25% rate hike, so after the announcement, USD/JPY …
[XAU/USD] Gold Drops Due to Rising U.S. Long-Term Interest Rates
During the previous day, the FOMC meeting showed a aggressive stance, leading to a rise in long-term U.S. interest rates and causing gold prices to fall sharply. As a result, …
[GBP/JPY] Bank of England (BOE) and Bank of Japan (BOJ)
The FOMC meeting had a hawkish tone, leading to a broad rise in the dollar. At the same time, New York stock prices dropped sharply, causing risk-averse yen buying. As …
[USD/JPY] FOMC Meeting and Bank of Japan
At the early morning FOMC meeting, the forecast for 2025 interest rates was reduced from four cuts to two. With concerns about inflation reigniting under the upcoming Trump administration, the …
[XAU/USD] Breaking the Neckline
In the closely watched FOMC meeting, the expected 0.25% rate cut was decided. However, the interest rate outlook for 2025 was revised, reducing the number of expected rate cuts from …
[EUR/USD] Weakness in the German Economy
In the Tokyo market, the euro rose to 1.0534, breaking the previous high of 1.0522 and triggering some stop-loss orders. However, it then reversed and started to fall, with the …
[USD/JPY] FOMC Meeting and Bank of Japan
Ahead of the FOMC meeting held early tomorrow, there was general yen buying yesterday, causing the USD/JPY to fall from around 154 yen to the low 153 yen range. However, …
[XAU/USD] Neckline Break Expected at FOMC Meeting
Yesterday, gold prices were weighed down by position adjustments ahead of the FOMC meeting. The market is already expecting a 0.25% rate cut at the meeting held in the early …