Logo-color Logo-white

EURJPY remains in red and holding near three-week low on Friday, on track for the first weekly loss in five week and the biggest drop since the second week of March. Initial signal of larger rally stall was also generated by November’s monthly Doji with long upper shadow and overbought conditions on monthly chart. Daily […]

The post EUR/JPY: Completion of Failure Swing Pattern to Signal Deeper Pullback appeared first on Action Forex.

previous

Crude Oil Can Resume to 70-72 Support

next

Canada’s Labour Market Posts Decent Gain in November

Read More

27/08/2024

Crude Rallies on Mid-East, Libya Tensions

The week started on mixed feelings. The rising geopolitical tensions in the Middle East, and between the West and China, and a pullback across the big technology stocks casted shadow on the optimism that the Federal Reserve (Fed) is about to start cutting the interest rates in September. The S&P500 and Nasdaq retreated. But the […]
07/03/2024

Bank of Canada Maintains Interest Rate, No New Guidance on Cuts

The Bank of Canada maintained the overnight rate at 5.0%, while stating that it will continue with Quantitative Tightening (QT). The Bank highlighted the slowing in economic momentum, stating that growth “remained weak and below potential”, while emphasizing that “final domestic demand contracted with a large decline in business investment”. It also stated that “employment […]
15/08/2024

A New Downturn in the Crypto Market

Market Picture The cryptocurrency market retreated 2.9% over the past 24 hours to $2.08 trillion from levels near $2.15 trillion, which had been resistance for the past ten days. Despite moderate optimism in equities following the inflation data, cryptocurrencies failed to find sufficient demand. The negative performance of cryptocurrencies could herald another round of outflows […]