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The British pound is lower on Tuesday. In the European session, GBP/USD is trading at 1.2680, down 0.23%. UK shop inflation decelerates sharply Inflation in UK shops rose 2.9% y/y in January, compared to 4.3% in December. This was the lowest pace since May 2022. This was an encouraging sign after consumer price inflation surprised […]

The post British Pound Edges Lower as Shop Inflation Drops appeared first on Action Forex.

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Nonfarm Payrolls to Decide Dollar’s Fortunes

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01/11/2024

US: Payrolls Disappoint in October, But Unemployment Rate Holds Steady at 4.1% 

Non-farm employment rose a meager 12k in October, well below the consensus forecast calling for a gain of 100k. Job gains over the two prior months were revised lower by 112k. The Bureau of Labor Statistics noted that Hurricane’s Helene and Milton “likely” affected estimates in some industries, though did not provide any point estimates. […]
10/05/2024

Elliott Wave Expects AUDUSD to Break Higher

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