The USDJPY accelerated sharply higher on Thursday and broke above psychological 130 barrier, to hit 20-year high and test pivotal Fibo barrier at 130.65 (76.4% retracement of 1998/2011 147.68/75.55 downtrend. The Japanese yen is in strong downtrend for over one year, with fresh increased pressure coming from the Bank of Japan’s decision to keep ultra-low […]
The post USD/JPY Surges Through 130 Barrier after Dovish BOJ appeared first on Action Forex.
EURUSD surged through 1.15 barrier and hit new multi-year high as effect from worsening fundamentals was boosted by a holiday-thinned market on Easter Monday. The latest escalation of trade war further deflated dollar and provided Read more…
The escalating trade war with China poses a major threat to the U.S. stock market. Ross Mayfield, investment strategist at Baird, joined TheStreet to discuss why this conflict presents a significant risk to both Wall Read more…
The S&P 500 opened 2% lower on April 21 after finishing last week down 1.5%. Last week’s losses disappointed investors who were hopeful that stocks could continue to build on a bounce-back rally that kicked Read more…