Logo-color Logo-white

Markets Wednesday’s failed test to sustainably pierce through technical resistance levels (YTD highs) across the US yield curve met with some rebound action during US trading hours yesterday. Upwardly revised EMU PMI’s (composite >50 for first time since May 2023), Minutes of the ECB’s March policy meeting (first rate cut clearly coming into view), weekly […]

The post All About March US Payrolls Today appeared first on Action Forex.

previous

USD/JPY Consolidates Gains, US NFP Report Next

next

USDCAD Ticks Higher Within Ascending Channel

Read More

02/09/2024

WTI Outlook: Oil Prices Remain Under Pressure on Demand Concerns, OPEC Production Increase

Oil price fell further in early Monday, in extension of Friday’s 3% drop (the biggest daily loss since Aug 14). The sentiment weakened further on renewed concerns about demand from the US and China, partial reopening of Libya’s oil installation and decision from OPEC to increase production by 180,000 barrels per day in October, partially […]
28/05/2024

Cable Moving into Daily Trendline Resistance Near 1.2800

Cable has seen some nice recovery at the end of 2023; move is looking impulsive so more gains can be seen after the corrective retracement which has unfolded down from March highs. So far, price came down with three waves but pair is making a nice turn-up in last few weeks, out of a downward […]
29/07/2024

Key Euro Area Data Overshadowed by Developments Elsewhere

Fed meeting and Middle East developments in the foreground Tuesday’s eurozone GDP figures could produce a surprise Wednesday’s inflation report unlikely to unsettle ECB expectations Euro remains under pressure against the pound Fed meeting overshadows key Euro area data With the market digesting the latest developments in the US presidential race and preparing for Wednesday’s […]