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USDJPY rose to three-week high (146.49) and subsequently fell over three full figures on Friday, on speculations about new prime minister’s support to BOJ’s further policy tightening, which was seen as a violation of central bank’s independence, initially weakening yen and then sparking strong rally after news proved false. Yen strengthened more after US data […]

The post Japanese Yen Rises 1.3% vs Dollar on Political News/Economic Data appeared first on Action Forex.

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04/06/2024

WTI Tumbles Below Key Support of 76.50

WTI crude oil collapses, breaks key zone RSI and MACD point to further declines Even if the price rebounds, the bears may recharge A break above 80.90 could shift the outlook to positive WTI crude oil fell sharply yesterday, breaking below the key support (now turned into resistance) area of 76.50. The tumble confirmed a […]
12/09/2024

WTI Crude Oil Recoups Some Losses After Sell-off

WTI crude oil rises from 17-month low Momentum oscillators gain some ground WTI crude oil has finally climbed higher from the 17-month low of 65.70 after the aggressive selling interest from the 78.75 resistance. Over the last three weeks, the commodity has lost more than 16%, switching the outlook to strongly bearish. According to technical […]
04/12/2024

Relaxed into French No-Confidence Vote

South Korea briefly stole the light from the French political chaos after President Yoon suddenly imposed the martial law yesterday accusing the opposition party – which holds the majority in the parliament – of paralysing his administration, only to lift it a few hours later. The Korean won and the stocks fell, and the volatility […]