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Unemployment rate fell to 4.2%, with a decrease in both short-term and long-term unemployment. UK wage growth slowed to its lowest level in two years, yet surpassed market expectations. Despite positive jobs data, BoE policymakers warn of potential inflation rebound in H2 2024, supported by a slight increase in grocery inflation. Cable edged higher but […]

The post GBP/USD Edges Higher as Wage Growth Hits Lowest Level in 2 Years appeared first on Action Forex.

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10/01/2024

CHFJPY Wave Analysis

CHFJPY reversed from resistance level 170.00 Likely to fall to support level 168.00. CHFJPY currency pair recently reversed down from the pivotal resistance level 170.00 (former Double Top from November) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 170.00 stopped the earlier impulse wave C from the start of […]
20/05/2024

USD/JPY: Conflicting Factors at Play, Sideways for Now in the Short-Term

The Japanese Government Bond (JGB) market is now anticipating a potential Q2 recovery in the Japanese economy as the 2-year and 10-year JGB yields have rallied to more than a decade high. The 10-year and 20-year yield premiums of US Treasuries over JGBs have shrunk in the past two weeks which in turn supports a […]
10/04/2024

NZ Dollar Rises as RBNZ Pauses

The New Zealand dollar has extended its gains on Wednesday and is higher for a third straight day. In the North American session, NZD/USD is trading at 0.6074, up 0.24%. RBNZ holds rates, says economy weak There was little drama from the Reserve Bank of New Zealand’s meeting on Wednesday, as the decision to pause […]