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November NBS Manufacturing & Non-Manufacturing PMIs for China came in weaker than expected. Recurring risk of the deflationary spiral in China has led to the underperformance of China & Hong Kong stock markets despite the recent bout of global risk-on-herding behaviour. The Chinese yuan has continued to appreciate against the US dollar driven by external […]

The post Deflationary Spiral Still a Recurring Risk in China, But Yuan Remains Resilient appeared first on Action Forex.

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EUR/USD Drops Ahead of Eurozone CPI

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09/05/2024

USDJPY Advances After Bouncing Off 50-day SMA

USDJPY in a recovery mode after pull back comes to a halt Momentum indicators suggest intensifying positive momentum USDJPY experienced a strong pullback from its 34-year high of 160.20 following the intervention by Japanese authorities a week ago. However, the pair managed to find its feet at the 50-day simple moving average (SMA) and recoup a […]
17/07/2024

Bitcoin Faces $66K Challenge: Can the Bull Run Continue?

Key Highlights Bitcoin price rallied above the $62,000 and $64,500 resistance levels. BTC is trading above a key bullish trend line with support at $61,550 on the 4-hour chart. Gold bulls are eyeing more upsides above the $2,480 level. USD/JPY is consolidating losses above the 157.50 support. Bitcoin Price Technical Analysis Bitcoin price started a […]
07/06/2024

NFP: Markets Consolidate Ahead of Big News

Analysts are predicting a softer May Non-Farm Payroll (NFP) report, with expectations set at 151,000 new jobs, down from 175,000 in the previous month. This conservative forecast follows a recent trend of underestimating the US job market’s strength, with the previous miss restoring analysts’ confidence in issuing more cautious projections. If the actual NFP figures […]