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The Japanese yen has posted sharp losses on Wednesday. In the European session, USD/JPY is trading at 152.67, up 1.06% at the time of writing. The yen is down 2.1% this week and has plunged 6.3% in October. IMF slashes Japan’s growth forecast The International Monetary Fund slashed its 2024 growth forecast for Japan to […]

The post Yen Slides as IMF Cuts Japan’s Growth Estimate appeared first on Action Forex.

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12/06/2024

Elliott Wave Intraday Analysis: S&P 500 (SPX) Sequence Remains Bullish

Short Term Elliott Wave in S&P 500 (SPX) suggests the rally from 4.20.2024 low is in progress as an impulse. Up from 4.20.2024 low, wave 1 ended at 5341.88 and pullback in wave 2 ended at 5191.68. Internal subdivision of wave 2 unfolded as a double three Elliott Wave structure. Down from wave 1, wave […]
15/08/2024

Crude Oil Prices Vulnerable: Is a Fresh Decline on the Horizon?

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13/08/2024

EUR/USD Outlook: In Quiet Mode, Awaiting Economic Data for Fresh Ssignals

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