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CADJPY: ⬆️ Buy CADJPY reversed from key support level 102.00 Likely to rise to the resistance level 104.00 CADJPY currency pair recently reversed up from the key support level 102.00 (which has been reversing the price since August of 2024) standing close to the lower daily Bollinger Band. The upward reversal from this support level […]

The post CADJPY Wave Analysis appeared first on Action Forex.

The IDC is just out with some smartphone stats:

• China smartphone shipments up 3.3% in Q1 (solid sign of growth)
• Huawei China sales +10%
• Apple China sales -9%
• Xiaomi was the top vendor with 18.6% share, followed by Huawei and Oppo with 18% and 15.7%, respectively

An iPhone was a status symbol for years in China but it appears the consumer is shifting to domestic preference.

Meanwhile, tariffs on China threaten to crush Apple’s margins in the United States.

This article was written by Adam Button at www.forexlive.com.

• Japan’s guidelines in managing its foreign reserves is to avoid causing volatility in markets
• Hard to say how US long-term interest rates would move as they will be driven by various factors

USD/JPY is quiet so far in Asia-Pacific trading, down 4 pips to 142.37.

This article was written by Adam Button at www.forexlive.com.

The Australian Dollar (AUD) extends its rally that began on April 9, with the AUD/USD pair gaining ground as the US Dollar (USD) weakens amid growing concerns over the economic impact of tariffs on the United States (US).

The post Eco Data 4/18/25 appeared first on Action Forex.