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Lacklustre US non-farm payrolls & ISM Services PMI for June has led to a further drop in US Treasury yields. Both the 2-year and 10-year US Treasuries/JGBs yield premiums have shrunk to a 5-month low. A lower positive carry using JPY as a funded currency and elevated net short positioning in JPY futures may put […]

The post USD/JPY: Soft US Data Offers a Potential Relief Rally for JPY appeared first on Action Forex.

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17/04/2024

Crude Oil Price Consolidate Gains Above Key Support

Key Highlights Crude oil started a downside correction from the $87.70 level. A connecting trend line is forming with support at $84.00 on the 4-hour chart. Gold prices might aim for a fresh increase above the $2,400 resistance zone. Bitcoin price consolidated below the $65,000 resistance zone. Crude Oil Price Technical Analysis After a steady […]
10/04/2024

AUDCAD Rebounds Strongly from Uptrend Line

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29/07/2024

USD/CAD: Bullish Impulse Calling for Breakout

USDCAD is making a pretty strong rise after the Bank of Canada lowered rates by 25 basis points as expected last week. The price is now testing the major trend line resistance of this triangle on the daily chart, and we are wondering if we can see a breakout, which is certainly possible in a […]