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Markets An uneventful session yesterday put the UK elections in the spotlights. It’s already clear by now that Labour won enough seats to secure a majority (at least 326 seats of the 650 up for grabs) after being in the opposition for 14 years. Exit polls taken after voting booths closed at 10 PM yesterday […]

The post Anything But a Significant NFP Beat Probably Triggers Higher Bond Prices and Weaker Dollar appeared first on Action Forex.

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06/09/2024

USDCAD Doubts September’s Upturn

USDCAD trims September’s uptick to trade near key trendline Technical signals are mixed; a break below 1.3480 could shift the bias to the downside US & Canadian employment figures due at 12:30 GMT USDCAD started Friday’s NFP session with soft negative momentum after a stagnant day, which prevented the pair from examining its weekly high […]
14/12/2023

Fed Review: Rising Optimism

The Fed maintained its monetary policy unchanged as widely anticipated. Lower rate and inflation projections together with more dovish wording in the statement and from Powell sparked a post-meeting rally in the markets. The Fed did not attempt to guide the market against the easing in financial conditions. We see this as a strong signal […]
06/05/2024

EUR/USD Gains Momentum But Still Confined In Range

Key Highlights EUR/USD started a recovery wave above the 1.0650 resistance. It broke a major bearish trend line with resistance at 1.0720 on the 4-hour chart. GBP/USD rallied and tested the 1.2620 resistance zone. Oil prices extended losses and traded below the $78.80 support. EUR/USD Technical Analysis The Euro found support near 1.0600 against the […]