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EURJPY recovers losses but lacks new highs. Mixed signals; breakout above 164.20 or below 159.70 needed. EURJPY has been range-bound after immediately recouping the steep drop to 158.14 last week. Persistent rejections around the 163.00 area have capped upside momentum, but not all signs are negative. A bullish cross between the 20- and 200-day SMAs […]

The post EUR/JPY Sits on the Sidelines as ECB Rate Decision Looms appeared first on Action Forex.

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ECB April Meeting Preview: Expected Rate Cuts and Market Impact

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31/10/2024

Gold & Dollar: Safe-Haven Retreats

Dollar The dollar index corrected after four consecutive weeks of gains. This is typical when national currencies and bond markets come under pressure ahead of important elections. The U.S. is facing this right now, although the dollar is often seen as a safe haven in times of market turmoil. In this case, gold and cryptocurrencies […]
04/07/2024

NZD/USD Continues to Climb Amidst USD Weakness

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29/03/2024

S&P 500 (SPX) Looking to Complete 5 Waves Impulse

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