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Market German bunds heavily underperformed US Treasuries yesterday. Yields jumped between 4.6 and 6.4 bps in a response to ECB board member Schnabel’s interview with the Financial Times. The influential policymaker isn’t so sure anymore that monetary policy is still restrictive after the January rate cut to 2.75%. Amongst others she’s referring to the bank […]

The post USD/JPY Losses Accelerating to 150 as Investors Brace for Tomorrow’s Japanese Inflation Figures appeared first on Action Forex.

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01/10/2024

Intraday Elliott Wave View Favors More Downside in USDJPY

Short Term Elliott Wave View in USDJPY suggests decline to 139.57 ended wave (W). Pair then corrected in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave ((w)) ended at 142.46 and pullback in wave ((x)) ended at 140.43. Rally in wave ((y)) ended at 143.94 which […]
01/08/2024

EURNZD Wave Analysis

EURNZD under bearish pressure Likely to fall to support level 1.8045 EURNZD currency pair under the bearish pressure after the earlier downward reversal from the long-term resistance level 1.8435, which stopped the weekly uptrend in the middle of 2023. The resistance level 1.8435 was strengthened by the upper weekly Bollinger Band. Given the strength of […]
06/02/2025

USD/CAD Exchange Rate Stabilises

As we reported on 3 February, the decision by the US president to impose 25% tariffs on goods imported from Canada sent the USD/CAD rate soaring to a 22-year high. However, after a round of negotiations between Donald Trump and Justin Trudeau, the tariff implementation was postponed by a month, which was reflected in the […]