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In focus today The most important data release of the week and a pivotal reading ahead of the September rate decisions will be the US August Jobs Report, due for release 14.30 CET today. We expect nonfarm payrolls growth to rebound to +170k after a weaker reading in July (+114k), unemployment rate to remain steady […]

The post Finally, It Is NFP Time appeared first on Action Forex.

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26/01/2024

USD/JPY Signals Downside Correction, US GDP Grew 3.3%

Key Highlights USD/JPY is showing signs of a downside correction from 148.80. It traded below a key bullish trend line with support at 147.75 on the 4-hour chart. EUR/USD is struggling to recover above the 1.0900 resistance zone. The US GDP grew at a 3.3% annual rate in the fourth quarter of 2023. USD/JPY Technical […]
20/03/2024

USDJPY Advances in BoJ Aftermath

USDJPY storms to fresh 2024 high after BoJ’s rate hike The pair is within breathing distance from 33-year peak Momentum indicators point to overbought conditions USDJPY has been in a steady uptrend after finding its feet a tad above the 200-day simple moving average (SMA) in early March. Meanwhile, the pair posted a fresh 2024 high following a dovish […]
26/06/2024

GBPCHF Wave Analysis

GBPCHF reversed from support level 1.1220 Likely to rise to resistance level 1.1450 GBPCHF currency pair continues to rise after the earlier upward reversal from the pivotal support level 1.1220 (which stopped the two previous corrections iv and B). The upward reversal from the support level 1.1220 created the daily Japanese candlesticks reversal pattern Morning […]