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EURJPY Forecast: Bears Remain in Control – Latest Analysis and Updates
EURJPY has been experiencing a downward trend for the fourth consecutive week, showing signs of bearish control. After reaching the 159.00 level on Wednesday, the currency pair retraced more than half of its September-October...
Boost Your Forex Strategy with New Zealand Business Confidence Insights
Businesses in New Zealand are feeling optimistic about the upcoming year, with the latest survey showing that business confidence remains high. The November 2024 results indicate a business confidence level of 64.9, slightly lower...
US Personal Income Rises 0.6% in October, Core PCE Inflation Reaches 2.8% Year-Over-Year
In October, personal income in the United States increased by 0.6% compared to the previous month, surpassing the expected 0.3% rise. This growth amounted to a total increase of $147.4 billion. At the same...
Forex Market Analysis: Sunset Market Commentary Guide
The European Central Bank (ECB) Executive Board member Isabel Schnabel has expressed a cautious stance on the current accommodative monetary policy. Despite the recent dovish sentiment within the central bank, Schnabel believes that the...
US 100 Index Rally Stalls: What’s Next for Traders?
The US 100 index is currently trading sideways, just below its all-time high, as it grapples with the August 5, 2024 trendline. Market sentiment remains cautiously bullish, with investors closely monitoring geopolitical tensions and...
Loonie’s Turbulent Times: What to Expect and How to React – Action Forex
The Canadian dollar took a hit recently, dropping over 1.4% against the US dollar. This drop came after President Trump's threats to impose new tariffs on goods from Mexico and Canada. The USDCAD pair...
EUR/USD Mid-Day Analysis and Forecast – Action Forex
The EUR/USD mid-day analysis shows that the intraday bias remains neutral and the outlook is unchanged. While there may be more consolidations above the temporary low of 1.0330, a further decline is expected as...
GBP/JPY Forecast: Daily Analysis and Updates – Action Forex
The GBP/JPY pair continues to show a bearish outlook with no change in sight. The corrective rise from 180.00 appears to have completed with three waves up to 199.79, indicating a potential deeper fall...
December Rate Cut Debate: Analysis by Fed’s Kashkari – Action Forex
Minneapolis Federal Reserve President Neel Kashkari recently shared his thoughts on the upcoming December meeting, hinting at the possibility of a rate cut. In an interview with Bloomberg TV, Kashkari mentioned that a 25-basis-point...
Sunset Market Analysis: Actionable Insights for Forex Traders
The recent appointment of Scott Bessent as the US Treasury Secretary has had a significant impact on the bond market. Bessent has proposed a plan to reduce the government deficit to 3% of GDP,...