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Attractive growth opportunities in Asia will support currencies and yields despite a narrowing rate differential with the FOMC. With the US FOMC having started its rate easing cycle, central bankers across emerging markets (EMs) are also getting ready to adjust policy. At the end of this cycle, policy rates across the region are likely to […]

The post Carry Trade to Give Way to Longer-Term Investment in Asian Growth appeared first on Action Forex.

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EUR/USD Momentum Builds: Can It Go Higher?

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13/02/2024

GBP/USD: Limited Recovery Warns of Prolonged Sideways Mode

Cable ticked higher and hit new highest since Feb 2 in early Monday but was so far unable to sustain gains, keeping the price within congestion which extends into fourth straight day. A double Doji (Fri/Thu) signal indecision as daily studies are mixed and keep near-term price action between 200DMA (1.2564) and falling 10DMA (1.2638). […]
19/06/2024

AUDUSD: Strong Zone

In the Daily Timeframe, AUDUSD started a short-term bullish trend after a long-term decline. The price has reached the critical 61.8 Fibonacci resistance area, and despite the growing bullish sentiment, two scenarios should be considered. If the bulls push the price above 0.6680, the upside target will be 0.6760; A rebound from the resistance will […]
31/01/2024

USDJPY Sustains Its 2024 Bullish Setup

USDJPY consolidates its 2024 upleg between key boundaries Momentum indicators point lower, but trend signals remain positive FOMC policy announcement due at 19:00 GMT USDJPY has been facing difficulties in surpassing the 148.30 region for almost two weeks, but the 147.45 region, which coincides with the 61.8% Fibonacci retracement of the November-December downleg, kept bearish […]