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USD/JPY: The Yen Awakens as the BoJ and Fed Paths Diverge
BySilas WUSD/JPY: The Yen Awakens as the BoJ and Fed Paths Diverge Hello, fellow traders! The Japanese Yen is flexing its muscles again. The USD/JPY pair has retreated to the ¥155.2 level as of December 3rd, driven by a powerful shift in monetary policy expectations on both sides of the Pacific. This movement is being fueled…
Market Update: US Tax Bill, Eurozone PMI & S&P 500 Technicals
BySilas WEuropean Session Recap European markets began the day on the back foot as market participants digested a proposed tax-cut bill that threatened to enlarge the US deficit. Opposition to President Trump’s tax plans and the growing deficit is impacting the bond market, with Treasury prices dropping on Wednesday and dragging down other U.S. assets. The…
Keir Starmer welcomes Iran war ceasefire as he heads to Gulf to meet regional leaders – UK politics live
BySilas WKeir Starmer welcomes Iran war ceasefire as he heads to Gulf to meet regional leaders Good morning. Keir Starmer has welcomed the ceasefire agreement between the US and Iran. Here is Andrew Roth’s story about the overnight news. And this is what Starmer has said, in a statement issued by No 10 this morning. double…
Japan’s household spending declines, yen edges higher – MarketPulse
BySilas WThe yen is slightly higher on Friday. In the European session, USD/JPY is trading at 157.89, down 0.12% on the day. Japan’s household spending continues to decline Japanese consumers are holding tight on the purse strings and that could spell tr0uble for Japan’s fragile economy. Annually, household spending declined by 0.4% in November, following a…
Carvana CVNA Bearish Case for a 50% Drop – Forex Market Analysis – ForexCycle.com
BySilas WCarvana Co (NYSE: CVNA) soared over 13,000% in three years, capturing the market’s attention. However, financial markets never move in straight lines. In this article, we delve into the Elliott Wave analysis. Our study uncovers the current pullback and the next potential investment opportunity. Elliott Wave Analysis Despite its 98% correction in 2022, CVNA recovered…
USD/CAD remains weak near 1.3950 ahead of Canadian CPI release
BySilas WUSD/CAD weakens to around 1.3950 in Tuesday’s early Asian session. Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar. A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower…

