Top Forex Brokers – Forex Weekly news and analysis For January 20 – 26, 2025
Mark your calendars for January 24 — it’s the tentative date for the Bank of Japan’s highly anticipated Policy Rate Decision. This meeting is shaping up to be a big one, with key topics like wage hikes, inflation forecasts, and external risks on the table.
We could be looking at major shifts in Japan’s monetary policy, and here’s what you can expect from the report:
•A potential shift from the current 0.25% policy rate.
•Key factors influencing the decision: wage momentum, inflation outlook, and global economic uncertainties.
•A potential rate hike to 0.50% by March, making this meeting pivotal.
XAUUSD reached the critical resistance level after a short-term bullish momentum, forming a triple-top pattern. Tenkan crossed Kijun, and the price is above the cloud, signaling two possible scenarios.
•A break above the 2720 resistance could pave the way for a rise to 2790.
•A rebound from this level may push XAUUSD down to 2670 and 2605.
USDJPY fell to the lower trendline of the rising wedge, testing the MA50. At the same time, the Stochastic indicator indicated oversold conditions.
•A break of the trend line below MA50 and 155.000 may drop the price to 152.000;
•A rebound from the trend line could bring USDJPY back to 158.400.
US30 broke the upper trend line of the falling wedge. Momentum rose above 0 and +DI crossed above -DI on ADX, confirming the rise.
•Consolidation above the 43400 resistance may pave the way to 44400.
•Most Trusted Broker — Asia 2024
•Broker of the Year — LATAM 2024
These awards confirm our commitment to building a rewarding trading environment and helping you uncover your potential. Thank you for choosing to trade with an award-winning broker!
Why choose MetaTrader 5 with Top Forex Brokers?
Blazing-fast execution & enhanced stability
38 built-in technical indicators & 21 timeframes for precision trading
Optimized for all devices—desktop, mobile & web
Trade a wide range of assets: Stocks, Commodities, Forex & more!
