USDJPY extends fresh bearish acceleration into second day and fell 1.1% during Asian / European trading on Wednesday. Increased demand for yen at the end of month as well as end fiscal year was the main driver of the pair, along with dollar bulls pausing for correction. Fresh weakness broke below pivots at 152.69 (Fibo […]
The post USD/JPY Putlook: Bears Gained Traction and Violate Strong Support Zone appeared first on Action Forex.
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The Federal Reserve’s preferred measure of inflation edged higher in October, data indicated Wednesday, thanks in part to an ongoing boom in consumer spending that is challenging the central bank’s effort to tame price pressures. Read more…
U.S. personal income grew by 0.6% mom in October, exceeding market expectations of a 0.3% mom rise, with a total increase of USD 147.4B. Personal spending also climbed, rising 0.4% mom or USD 72.3B, aligning Read more…