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US jobs data for November comes out 199K vs 184K expected. Unemployment rate changed from 3.9% to 3.7%. It appears that what CPI did a month back, the NFP takes it all back on the euro. Some stops must have been cleared out, so possibly that’s a perfect price area for market to stabilize at […]

The post Despite Strong USD Spike after NFP Report, Bitcoin Remains in Uptrend appeared first on Action Forex.

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20/06/2024

FTSE 100 index Wave Analysis

FTSE 100 index reversed from support level 8140.00 Likely to rise to resistance level 8300.00 FTSE 100 index recently reversed up from the key support level 8140.00 (which has been reversing the price from the end of April), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 8140.00 completed the […]
12/12/2023

All Eyes on US Inflation

The Stoxx 600 and the S&P500 traded at a fresh ytd high on Monday as the British FTSE 100 lagged behind its Western peers, as mining stocks drove the index lower. But overall, the week started on an optimistic note ahead of today’s US inflation update, tomorrow’s FOMC decision and Thursday’s European Central Bank (ECB) […]
03/03/2024

Week Ahead – ECB Decision and US Payrolls to Steal the Show

Nonfarm payrolls and Powell’s testimony will be crucial for US dollar European Central Bank could set the stage for summer rate cuts Bank of Canada decision and UK budget announcement also in focus Dollar braces for US payrolls  Riding high on a wave of US economic resilience, the dollar is currently the best-performing major currency […]