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The recent significant increase of a total of 20 bps in the 2-year JGB yield since the start of the year has come in line with the highly anticipated rosy results of the annual wage negotiations in Japan. In the past week, the JPY crosses have come under downside pressure as the carry trade strategy […]

The post CHF/JPY Technical: Potential Major Bullish Trend Exhaustion appeared first on Action Forex.

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18/12/2023

Gold: A Further Deterioration in US 10-year Treasury Yield May Support a Bullish Tone

An increase in dovish expectations on a rapid pace of Fed funds rate cuts projected for 2024 indicates a potential impending recession. An uptick in recession risk may see a further deterioration in the US 10-year Treasury real yield which reduces the opportunity costs for holding Spot Gold (XAU/USD). Spot Gold (XAU/USD) has managed to […]
07/08/2024

EURCAD Wave Analysis

EURCAD reversed from resistance level 1.5110 Likely to fall to support level 1.5000 EURCAD currency pair recently reversed down from the long-term resistance level 1.5110 (which has been reversing the price from the start of 2011), standing close to the upper weekly Bollinger Band. The downward reversal from the resistance level 1.5110 created the weekly […]

Bitcoin: From Shock to the Death Cross

Market picture Crypto market capitalisation is back above $2 trillion, up 1.3% over 24 hours. On Wednesday, the Crypto Fear and Greed Index retreated from extreme fear territory at 17 (the lowest in over two years) to 29. The sharp declines in Bitcoin and Ethereum, sustained by the rumblings of falling stock indices since late […]