Logo-color Logo-white

Markets Yesterday’s slightly disappointing US ADP job report reverberated through the long end of the yield curve in particular. Maturities from 10 year to 30 year shed between 6.1 and 8.9 bps. The 10-y tenor dropped below support at 4.13% (50% retracement on the 2023 rise) but held above the next reference that pops up […]

The post Japanese Yen Outperforms This Morning appeared first on Action Forex.

previous

Scream Correction

next

Nasdaq 100 Technical: Impending Corrective Decline Within Major Uptrend

Read More

10/01/2024

EUR/USD: Remains in Sideways Mode But Slight Bullish Bias Fueled by Thick Weekly Cloud

EURUSD remains in extended sideways mode and looking for direction signal after several attempts on both sides failed. Conflicting daily indicators (MA’s in mixed setup / rising negative momentum / north-heading RSI) contribute to directionless action, though the picture remains bullishly aligned as thick weekly Ichimoku cloud continues to underpin, and weekly studies are positive. […]
22/12/2023

Soft Inflation at the Top of Santa’s Wishlist

Appetite in European stocks waned yesterday, yet the US counterparts recovered Wednesday losses and closed the session more than 1% higher as the latest growth data was revised slightly lower to 4.9%, real consumer spending was revised down from 3.6% to 3.1%, corporate profits from above 4 to 3.7%. Else, jobless claims came in lower […]
09/04/2024

US Consumer Price Index CPI – USD/JPY Technical Analysis

US Consumer Price Index – CPI The US Consumer Price Index CPI Y/Y overall trend has been steadily declining after reaching its peak of 9.06% in June 2022. A drop in all CPI components, including Energy, Food, and Durable Goods Prices, mainly drove the decline. However, the decline stalled during the last quarter of 2023, […]