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Markets Amid a very thin eco calendar, core bonds yesterday found some relief after the self-off that started with Powell’s push back against early rate cuts last Wednesday, reinforced by an exceptionally strong payrolls report and solid services ISM afterwards. Technical considerations also were in play with YTD top levels in yields at several maturities […]

The post Chinese Investors Still Ponder Impact of Authorities to Arrest Equity Sell-off appeared first on Action Forex.

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27/02/2024

USD/JPY: Bulls to Remain in Play While Holding Above Broken Fibo Barrier

USDJPY eases on Tuesday as traders reacted on overbought daily studies, but dips are likely to be limited and mark a healthy correction of larger uptrend. Technical picture on daily chart remains bullish (strong positive momentum / moving averages in bullish configuration) keeping in play expectations for final push towards key barriers at 150.90/94 (peaks […]
04/04/2024

Dollar Index: Remains at the Back Foot Ahead of Key US Data

The dollar index remains in red for the third straight day and extend pullback from new multi-week high (104.83). Fresh bears pressure pivotal supports at 103.84/80 (Fibo 38.2% of 102.26/104.83 / top of thick daily Ichimoku cloud), with more obstacles seen at 103.60/40 zone (converging 20/55/200DMA’s / 50% retracement). Firm break of these supports would […]
26/08/2024

Light Greed of Crypto Market

Market picture Since Friday, the crypto market has been in a mood of easy greed, as evidenced by the corresponding index, which reached 55 on Monday, close to levels at the beginning of the month. Market capitalisation has also returned to $2.25 trillion, the highest since August 2. A decisive breakthrough came on Friday when […]