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The media often focuses on the impact of America’s debt problems on the dollar, but events in Japan have every chance to be more dramatic. Japan is buried under a debt burden exceeding 230% of GDP. This is double the average burden for developed countries and by a wide margin exceeds the nearest major peers […]

The post USDJPY Forming a Bottom at 140 with Upside Potential to 160+ appeared first on Action Forex.

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22/08/2024

WTI Futures Fall to a 7-Month Low

WTI futures drop to their lowest level since January 17 Momentum indicators are heavily tilted to bearish side  WTI oil futures (October delivery) have been in a steady retreat following their rejection at the 200-day simple moving average (SMA) in mid-August. On Wednesday, the price fell to a fresh seven-month low before finding its feet a tad above the […]
29/03/2024

The Weekly Bottom Line: Fed in No Rush to Cut Interest Rates

U.S. Highlights New home sales fell in February, but remain fairly flat over the past three months. New home prices, meanwhile, continued to head lower last month, and are now down 13% from their 2022 peak. U.S. GDP growth in the fourth quarter of 2023 was revised up from 3.2% (annualized) previously, to an even […]
03/10/2024

US ISM and Swiss Inflation on Today’s Menu

In focus today In the afternoon, US ISM Services index is due for release. While the index has been volatile over the past years, flash PMIs released earlier signalled still solid growth in services sector activity in September. In Switzerland, we get inflation data for September. Consensus expects a drop to 1.0% in headline inflation […]