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Markets US invertors returning after Wednesday’s Juneteenth holiday found some disappointing, admittedly mostly second tier, US data (jobless claims at a high 238k, housing starts and permits declining and the Philly Fed business outlook unexpectedly easing). US bond markets didn’t take notice. Yields even regained slightly ground rising between 2.5 bps (2-y) and 4.2 bps […]

The post Japanese Yen Trades Stoic After Closing at New 34-y Low appeared first on Action Forex.

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05/07/2024

Bitcoin (BTCUSD) Found Sellers After Elliott Wave Zig Zag Pattern

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Bitcoin ( BTCUSD). As our members know, Bitcoin is correcting the cycle from the 25068 low, and we have been predicting a price decline. Recently, we observed a bounce against the June 7th peak. This […]
14/06/2024

Japanese Yen Fell to a Six-Week Low after Bank of Japan Ended Its Meeting

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19/06/2024

BoE Still Has Work to Do to Bring Inflation Back Under Control

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