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The US dollar has seen a significant increase in strength against the Euro, with the EUR/USD pair falling to 1.0770 by Monday morning. This movement is largely attributed to the recent release of robust employment sector reports in the US for January, which have shifted investor expectations regarding the Federal Reserve’s interest rate decisions. The […]

The post USD Strengthens Following Strong Employment Data appeared first on Action Forex.

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26/04/2024

GBP/USD and USD/CAD Daily Chart Outlook

GBP/USD is attempting a recovery wave from 1.2300. USD/CAD is consolidating and might aim for a move above the 1.3760 resistance zone. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a recovery wave above the 1.2400 resistance. There is a key bearish trend line forming with resistance near 1.2520 on the […]
02/02/2024

US 10-y Yield Should Find Support in December Correction Low (3.78%)

Markets Yesterday’s eco calendar’s market moving potential didn’t fully materialize. Ranging from slightly higher-than-expected European (y/y) inflation over the BoE dropping its hawkish bias to the US’ sub-consensus unit labor costs & weekly jobless claims vs an unexpected improvement in the manufacturing ISM (with solid new orders and rising prices). Oil prices fell off a […]
16/09/2024

GBPUSD Elliott Wave: Buying the Dips at the Blue Box Area

In this technical article we’re going to take a quick look at the Elliott Wave charts of GBPUSD Forex Pair , published in members area of the website. As our members know, GBPUSD has recently given us correction against the 1.2664 low. The pair reached our target zone and completed correction right at the Equal […]