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Markets German Bunds outperformed US Treasuries yesterday. The front end lost up to 5 bps with longer maturities easing between 1.1 and 2.7 bps. Aside from catching up with post-Fed US markets, it also followed yesterday’s PMI readings. While slightly better on the account of services (51.1), easing price pressures (be it from elevated levels) […]

The post Sudden Weakening of Chinese Yuan Stands Out in Asian Dealings appeared first on Action Forex.

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Instrument of the Week (25-29 March): GBPCAD Spotlight

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21/08/2024

EURUSD: Break Out of Range or Pull Back?

The single currency has risen above $1.11, almost repeating its late December peak. At current levels, the pair is within the upper boundary of its trading range, and the technical analysis suggests that a breakout is more likely than a pullback. Thanks to two bullish impulses since the beginning of July, EURUSD has moved from […]
26/04/2024

GBPCAD Wave Analysis

GBPCAD reversed from key support level 1.6910 Likely to rise to resistance level 1.7230 GBPCAD currency pair recently reversed up sharply from the key support level 1.6910, (former monthly low from February), standing well below the lower daily Bollinger Band. The upward reversal from the support level 1.6910 created the strong daily Japanese candlesticks reversal […]
08/01/2024

USD/JPY Edges Lower Ahead of Tokyo Core CPI

US nonfarm payrolls rise more than expected to 216,000 Tokyo Core CPI expected to ease to 2.1% The Japanese yen has started the week with slight gains and is trading at 144.39 in the European session, up 0.16%. It was a rough week for the yen, which declined 2.5% against the US dollar, which has […]