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All eyes will be on U.S. jobs data on Friday for signs of weakness after the U.S. Federal Reserve kicked off its easing cycle with an outsized 50 basis point cut in September. The Fed took pains to frame the cut (larger than earlier 25 basis point cuts from most other advanced economy central banks) […]

The post U.S. Unemployment Rate Likely Inched Higher in September appeared first on Action Forex.

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NZ First Impressions: ANZ Business Confidence, September 2024

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15/05/2024

GBPCAD Advances Bullish Sequence from Equal Leg

Hello traders. In this blog post, we will look at how GBPCAD advances bullish sequence from late 2023 after it bounced from an equal leg area. As you know, we analyze and trade 78 instruments with members at ElliottWave-Forecast. These 78 instruments are grouped into three categories. This currency pair is in group 2 along […]
29/05/2024

German Inflation in the Spotlight Ahead of Friday’s Euro Area Print

In focus today Today, focus is on German inflation data for May which will give an important clue as to what the euro area print on Friday will show. We expect a large increase in core services inflation due to a base effect from the “German ticket”, which lowered prices on public transportation in May […]
02/07/2024

EUR/USD Outlook: Post-French Election Rally So Far Capped by Thickening Daily Cloud

EURUSD opened with gap-higher and rose to three-week high in early European trading on Monday, lifted by results of the first round French parliamentary election. Rally was capped by the base of thickening daily cloud, following last week’s cloud twist, with subsequent easing, pointing to strength of 1.0778/1.0800 resistance zone (daily cloud, spanned between 1.0777 […]