Logo-color Logo-white

The Bank of England (BoE) kept its rates unchanged yesterday but opened the door to rate cuts mentioning ‘good news on inflation’. Cable rebounded despite a dovish takeaway from the MPC meeting as the US dollar fell sharply despite better-than-expected ISM manufacturing survey. In the euro area, inflation fell slower than expected in January. Combined […]

The post Happy Jobs Friday appeared first on Action Forex.

previous

USD/JPY Forms Another Bullish Pattern, US NFP Report Next

next

Groundhog Day: Hiring Once Again Starts the Year at Blistering Pace

Read More

11/03/2024

Gold Marches to Consecutive All-Time Highs

Gold advances sharply after claiming 50-day SMA Generates consecutive record highs in recent sessions Momentum indicators flag overbought conditions Gold has been in a steep uptrend following its profound break above the 50-day simple moving average (SMA), posting a barrage of fresh all-time highs in the past few sessions. However, traders should not rule out a pullback […]
01/05/2024

A New Stage of Bitcoin’s Decline

Market Picture Bitcoin’s closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level. Bitcoin ended April down 15.5% to $59.9K, after six months of gains out of the last seven (January BTC ended virtually unchanged). Technical downside targets […]
24/07/2024

Market Analysis: EUR/USD Trims Gains While USD/CHF Regains Strength

EUR/USD started a fresh decline below the 1.0900 support. USD/CHF is rising and might aim a move toward the 0.9000 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0950 resistance and declined against the US Dollar. There is a key bearish trend line forming with resistance at 1.0870 […]