The focus falls on the JPY where the moves have turned into a one-way affair again. Trend and momentum accounts are all over the move higher and in the institutional world, there are just very few buyers of JPY. While USDJPY gathers the attention, it’s CADJPY where the real moves have been seen of late, […]
The post JPY is Headed Lower and Fast appeared first on Action Forex.
Markets Rating agency Moody’s dropped a little bombshell in late US dealings last Friday. It stripped the US of its top notch AAA-rating over, unsurprisingly, the budgetary situation: “We do not believe that material multi-year Read more…
Daily Pivots: (S1) 0.6382; (P) 0.6409; (R1) 0.6430; More… Intraday bias in AUD/USD remains neutral as range trading continues. Further rise is in favor as long as 0.6356 support holds. One the upside, break of Read more…
Global markets kicked off the week with a mild risk-off tone, driven by renewed concerns over US creditworthiness and mixed economic data out of China. Moody’s downgrade of the U.S. sovereign rating from Aaa to Read more…