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Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means – time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops massively, causing the markets to slow down […]

The post Top Three Trade Ideas for December 2023 appeared first on Action Forex.

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11/04/2024

USD/JPY Technical: Rising US Treasury-JGB Yield Spreads Outweigh BoJ’s Intervention Risk

A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan. Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JPY due to the lack of supporting fundamentals. The bullish reversal seen in the 10-year yield spread of the US Treasury over JGB may act […]
12/09/2024

USDJPY Wave Analysis

USDJPY reversed from the support zone Likely to rise to the resistance level 144.00 USDJPY currency pair recently reversed up from the support zone set between the pivotal support level 140.75 (which has been reversing the price from December) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily […]
18/09/2024

USD/CAD Steady after Canada’s CPI Slips to 2%

The Canadian dollar is showing limited movement on Tuesday. Early in the North American session, USD/CAD is trading at 1.3601 at the time of writing, up 0.10% today. Canada’s CPI declines more than expected Canada’s inflation rate dropped to 2% in August. This was down sharply from 2.5% in July and below the market estimate […]