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Employment: +38.5k (from –5.9k). Unemployment Rate: 4.1% (from 3.9%). Participation Rate: 66.7% (from 66.6%). In April, the level of employment rose by +38.5k (0.3%), stronger than Westpac’s forecast for +20k and the market consensus for +23.7k. That follows a fairly volatile opening quarter, with gains ranging from +11.6k in January, to +118.2k in February and […]

The post Australia April Labour Force: Gradual Softening Persists appeared first on Action Forex.

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10/04/2024

EUR/USD Holds Steady Ahead of Key Economic Updates

The EUR/USD pair is maintaining a neutral stance, trading around 1.0851 on Wednesday, as the market anticipates crucial updates, including the US inflation data for March and the outcome of the European Central Bank (ECB) meeting on Thursday. Given the significant events on the horizon, investors are exhibiting caution. The US inflation rate for March […]
11/07/2024

GBP/USD: Stronger than Expected UK GDP Numbers Lift Cable to Four-Month High

Cable hit new four-month high in European trading on Thursday, lifted by better than expected UK May GDP numbers, which poured cold water on expectations for BoE rate cut next month. Fresh strength broke through pivotal barriers at 1.2846/60 (200WMA/former top June 12) and pressuring key barrier at 1.2893 (2024 high, posted on March 8). […]
27/12/2023

USD/JPY Steady, BoJ Releases Summary of Opinions

BoJ Summary of Opinion highlights split over shift in policy The Japanese yen continues to have a quiet week. In the European session, USD/JPY is trading at 142.54, up 0.12%. The Bank of Japan’s summary of opinions from the December meeting was released earlier today. That meeting was somewhat of a disappointment to the markets, […]