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This morning the USD/JPY rate is around 153.20 yen per US dollar, which was facilitated by a sharp strengthening of the dollar against the backdrop of news about inflation in the United States. Thus, the yen weakened to levels last seen in mid-1990. At the same time, an important event occurred — a bullish breakdown […]

The post USD/JPY Rises to Highest Since 1990 appeared first on Action Forex.

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02/07/2024

XTIUSD: Strengthened and Reaching Supply Zone

Bearish Scenario: Sell below 83.63 (if a PAR* forms) with TP1: 83.00, 82.31, 82.11, and 81.70 in extension with an S.L. above 84.00 or at least 1% of account capital. Bullish Scenario after a Pullback to Demand Zone: Wait for a decline towards 82.00 and the formation of a bullish PAR* with TP1: 84.16 and […]
09/12/2023

Weekly Economic & Financial Commentary: Global Central Banks Holding Steady

Summary United States: The Machine of a Dream Nonfarm payrolls increased 199K in November, and the unemployment rate fell 0.2 percentage points to 3.7%. The decline in the already historically low unemployment rate suggests that while the labor market is cooling, it remains exceptionally tight. Next week: Consumer Price Index (Tue.), Retail Sales (Thu.), Industrial […]
06/03/2024

Gold Price Surges Above $2,100, Bitcoin Sets New ATH

Key Highlights Gold rallied above the $2,080 and $2,100 resistance levels. A connecting bullish trend line is forming with support at $2,045 on the 4-hour chart. Bitcoin extended gains above the $68,800 resistance. Ethereum bulls seem to be aiming for a move toward $4,000. Gold Price Technical Analysis Gold prices started a fresh increase from […]