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The week started on quite a positive note on hope that the next wave of US tariffs – expected to hit the ground on April 2nd – would be more targeted and more measured than previously thought. But Trump still threatened to impose 25% levies on countries that buy oil from Venezuela. Chinese equities are […]

The post Too Early to Call the End of the US Selloff appeared first on Action Forex.

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Elliott Wave View: USDJPY Rallying in Double Zigzag

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Navigating the US Dollar (DXY): Tariffs, Data, and Technicals

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18/09/2024

USDJPY Poised for a New Bullish Wave; Will It Succeed?

USDJPY sets the ground for a bullish reversal, but it’s still trapped below key resistance Technical signals cannot rule out more bearish actions; sellers wait below 140 Fed to deliver its first rate cut in four years at 18:00 GMT USDJPY turned green on Tuesday, marking its best daily session in a month after securing […]
01/10/2024

Japanese Yen Slips as Powell Signals Small Cuts

USD/JPY is calm on Tuesday after the US dollar jumped 1.03% a day earlier. In the European session, the yen is trading at 143.76 at the time of writing, up 0.10%. Japan’s parliament elects Ishiba Prime Minister Japan’s political drama continued on Tuesday with the election of a new prime minister, Shigeru Ishiba. The ruling […]
26/01/2024

WTI Oil Futures Challenge 61.8% Fibo

WTI futures break above crucial trendline and 50-day SMA Next target is the 61.8% Fibo, which held strong in January Momentum indicators tilt to the positive side WTI oil futures (March delivery) had been on the retreat since their September peak of 95.02, breaking below consecutive support zones. Although the price managed to halt its retreat […]