Logo-color Logo-white

Employment: +15.9k (from +61.3k). Unemployment Rate: 4.1% (from 4.1%). Participation Rate: 67.1% (from 67.2%). In October, employment rose by +15.9k (0.1%), slightly below Westpac’s forecast of +20k and under the market consensus forecast of +25k. This marks the softest monthly increase in employment since May, when a modest decline was reported, and a departure from […]

The post Australia October Labour Force: Normalising from Recent Strength appeared first on Action Forex.

previous

WTI Crude Wave Analysis

next

Dollar and US Yield Momentum is Strong

Read More

26/03/2024

Fed Speakers Covered Full Spectrum of Intra-FOMC Views

Markets In a more or less synchronic, technically inspired move US, EMU and UK bond markets reversed most of Friday’s rally. Eco data were few and mostly second tier. Marginally softer-than-expected US new homes sales (-0,3% M/M) had little impact on trading. Fed speakers covered the full spectrum of intra-FOMC views. Fed’s Goolsbee supports the […]
01/11/2024

Bitcoin Price Falls Short of Record High, Drops Below $70k

The BTC/USD chart shows the following: → Bitcoin’s all-time high is around $73,750 per coin, set on March 14, 2024, amid peak investor interest after the SEC approved a Bitcoin ETF on January 11. → This autumn, Bitcoin’s price is exhibiting positive momentum, partly fueled by the potential for Donald Trump to win the U.S. […]
20/08/2024

Why Do Oil Prices Post Notable Losses?

Oil prices have decreased lately as a result of various crucial factors Technical Outlook confirms bearish structure Global economic concerns The global economy is encountering substantial difficulties, especially in prominent economies such as China and Europe. China’s economic expansion has experienced a deceleration below initial projections, resulting in a decrease in industrial operations and a […]