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The euro is steady on Monday. EUR/USD is trading at 1.0714 in the North American session, up 0.10% on the day. French election triggers market turmoil France’s financial markets took a tumble late last week, as investors are nervous about the snap parliamentary election at the end of June. There are fears that the extreme […]

The post Euro Steadies After Market Jitters Subside appeared first on Action Forex.

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29/03/2024

EURJPY Wave Analysis

EURJPY reversed from key resistance level 164.40  Likely to fall to support level 162.00 EURJPY currency pair recently reversed down after the price failed to hold the ground above the key resistance level 164.40 (which stopped the sharp uptrend in last November), standing close to the upper daily Bollinger Band. The downward reversal from the […]
02/08/2024

July Employment: That Was Sahm Jobs Reports

Summary The ongoing deterioration in the jobs market was on full display in the July Employment report. Nonfarm payrolls posted the second smallest gain in 3.5 years with an increase of 114K, average hourly earnings growth eased to 3.6% year-over-year and the unemployment rate jumped to 4.3% from 4.1% in June. The landfall of Hurricane […]
01/05/2024

Will Post-FOMC Jobs Report Move Dollar?

US nonfarm payrolls scheduled for release on Friday 12:30 GMT Another solid report could question rate cuts if Powell provides no clear guidance EURUSD at risk of plunging towards April’s low of 1.0600 April’s nonfarm payrolls might cause volatility  Friday will be a nonfarm payrolls day and investors expect the economy to have added 243k […]