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Markets The post payrolls rise in US yields and by extension in yields on other core markets yesterday shifted into a lower gear. Uncertainty whether China (fiscal and monetary) stimulus would be able to kickstart a genuine reacceleration of Chinese growth also left European markets with a risk-off start and modestly lower yields. Sentiment temporarily […]

The post China Indices Suggest Ongoing Doubts of Efficacy and Amount of Stimulus appeared first on Action Forex.

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04/06/2024

Japanese Yen Strengthens Unexpectedly Against US Dollar

The USD/JPY pair unexpectedly declined last night due to a weakening US dollar. Currently, it is hovering around 156.33. Japanese Finance Minister Shunichi Suzuki highlighted the government’s recent interventions to support the yen, significantly impacting the market. Official data reveals that throughout April, Japan spent approximately 9.79 trillion yen (62.2 billion USD) on efforts to […]
16/01/2024

EURJPY Sustains Short-term Bullish Structure

EURJPY takes a breather after one-month high A break above the 160 area is required EURJPY has been moving back and forth within the 158.50-160.00 region following last week’s aggressive bounce to a one-month high of 160.17. Technically, the short-term range is formed by the 50% and 61.8% Fibonacci retracement levels of the previous downfall, but the series […]
02/09/2024

USDJPY in Bullish Mode in Very Short-Term

USDJPY rises above downtrend line MACD stands well above its trigger line 20- and 50-period SMAs post bullish cross USDJPY advanced considerably in the previous 4-hour session, surpassing the 146.50 barricade. Also, the 20- and 50-period simple moving averages (SMAs) posted a bullish crossover, and the technical oscillators are holding well above their mid-levels. The […]