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Summary United States: It’s Halloween. Everyone’s Entitled to One Good Scare. Nonfarm payrolls rose a much weaker-than-expected 12K in October. Worker strikes and hurricanes played a major role in the headline miss. The unemployment rate, which is derived from the household survey and counts those not working due to a strike or severe weather as […]

The post Weekly Economic & Financial Commentary: What Goes Up, Must Come Down appeared first on Action Forex.

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31/07/2024

Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next

Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potential for further upside due to geopolitical risks. Gold and oil […]
12/11/2024

GBP/USD Slips to 3-Month Low as Unemployment Rate Jumps

The British pound is down for a third straight trading day on Tuesday. In the European session, GBP/USD is trading at 1.2822, down 0.36% on the day. Earlier today, the pound fell below the 1.28 line for the first time since Aug. 15. UK employment rate climbs to 4.3% The UK employment report for the […]
23/05/2024

AUDJPY Wave Analysis

AUDJPY reversed from resistance level 104.50 Likely to fall to support level 103.00 AUDJPY currency pair recently reversed down from the key resistance level 104.50, which stopped the previous sharp upward impulse wave 3. The price formed two consecutive Japanese candlesticks reversal patterns Doji – signalling the strength of this resistance level. Given the strength […]