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Markets The main ‘news’ for (global) trading was already available from the BoJ policy decision early this morning. However, the impact especially on global bond markets was close to non-existent. The Bank left the parameters of its policy (-0.1% policy rate, 0.0% target for the 10-y yield with an allowed deviation of 1.0%), unchanged. The […]

The post Sunset Market Commentary appeared first on Action Forex.

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24/05/2024

GBPJPY Continues its Journey North

GBPJPY closing in to pre-intervention levels BoJ has the habit of intervening during bank holidays Momentum indicators remain bullish GBPJPY is edging higher again today, trading very close to the levels that forced the BoJ to intervene twice in late April. This pair has been experiencing a non-stop rally from the early May lows, quickly […]
02/09/2024

AUD/USD: Recent Rally of Aussie Dollar May Face a Ceiling Below 0.6900

The recent 7.4% rally in the AUD/USD from its 5 August 2024 low has been driven by a resurgence of risk-on behaviour and the US Fed’s dovish pivot. Weak China’s manufacturing PMI data and housing market are likely to be in the driving seat now to potentially dictate the sentiment of the AUD/USD. Further weakness […]
15/02/2024

GBPUSD Edges Down as UK Slips into Mild Recession

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