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Japan’s overnight swap rates have indicated rising odds of a BoJ interest rate hike next week. JPY crosses have lost upside momentum in the last four weeks; the weakest among the G-10 is the GBP/JPY. A potential looming medium-term downtrend phase has kickstarted for GBP/JPY. In the run-up to next Friday, 24 January, the Bank […]

The post GBP/JPY Technical: Bearish Breakdown from 4-Month Range appeared first on Action Forex.

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25/09/2024

Riksbank to Deliver 25bp Cut Today

In focus today The most important event today will be the Riksbank’s rate decision at 9.30 CET. On the back of a slightly weaker economy and lower inflation than expected, we expect Riksbank to cut the repo rate by 25bp and reduce the repo rate path by some 40bp compared to the June forecast. Such […]
29/02/2024

BTC/USD Price Exceeds $60,000 Per Coin

Several factors contributed to this: → Effect associated with the approval of Bitcoin ETF. The media writes that investments in these financial instruments amount to about 9k bitcoins per day, and miners produce only 900 bitcoins per day. The total investment in the Bitcoin ETF after approval on January 11 is approaching USD 50 billion. […]
20/09/2024

USD/JPY Recovery Eyes Momentum: Will Gains Pick Up?

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