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USD/JPY Declines as Safe-Haven Demand Bolsters the Yen – Action Forex
The USD/JPY pair retreated to 153.10 on Friday, with the yen retaining a portion of its recent gains amid a flight to safety. A sharp uptick in stock market volatility, driven by concerns over a potential overvaluation of artificial intelligence stocks, prompted investors to seek refuge in traditional safe-haven assets, thereby supporting the Japanese currency….
The Dow Jones racing to new all-time highs on continued index rebalancing flows
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…
#GBPNZD: Pullback From Support
#GBPNZD: Pullback From Support 🇬🇧🇳🇿 I think that there is a high chance that 📈GBPNZD will pull back from a key intraday horizontal support. The breakout of the neckline of the double bottom pattern on an hourly time frame suggests a strong buying sentiment. Goal – 2.31145 ————————— 1H time frame My Experts: ✔️ Auric…
Westpac New Zealand Admits to Misleading and Overcharging Over 24,000 Customers
It was revealed Monday that Westpac New Zealand has admitted to misleading 24,621 customers and overcharging them a total of NZ$6.35 million due to systemic failures in delivering advertised discounts and benefits. The admissions were made in civil proceedings brought by the Financial Markets Authority (FMA) in the High Court in Auckland. The issues centred…
USD/JPY Prepares for Fresh Upside Impulse as Bulls Tighten Grip – Action Forex
Key Highlights USD/JPY corrected gains and tested the 155.75 support. A declining channel is forming with resistance at 156.50 on the 4-hour chart. Bitcoin started a recovery wave above $90,000. EUR/USD is consolidating below the 1.1620 resistance. USD/JPY Technical Analysis The US Dollar failed to continue higher above 158.00 and corrected gains against the Japanese…
