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The most important publication in the coming weeks will be Friday’s US employment report. Ahead of that, we are turning our attention to other labour market indicators. Wednesday’s ADP private sector employment report is the closest we have to a data release, although it has given many false signals in recent months. The data released […]

The post ADP Reaffirms Picture of a Healthy US Labour Market appeared first on Action Forex.

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09/07/2024

EUR/USD Holds Firm Amid Weakening Dollar and Rate Cut Expectations

The EUR/USD pair is maintaining its position close to a multi-week high of 1.0829, benefitting from the weakening US dollar following a disappointing June US employment market report. Market anticipation is now building ahead of an upcoming speech by Federal Reserve Chair Jerome Powell. Despite the looming potential for political deadlock in France, the euro […]
20/06/2024

Pound Froze ahead of BoE Meeting: What Will the Central Bank Decide?

The GBP/USD pair is balancing around 1.2709 on Thursday, after the British pound rose in price against the US dollar for three consecutive days and finally paused. The Bank of England will convene for its regular meeting today, at which the regulator will review all the collected statistics and decide on the interest rate level. […]
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 […]