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The USD Index (DXY) dipped below the 103.00 support level for the first time since early February, indicating a significant decline in the US dollar. The focus on March 8 will be on the release of Non-farm Payrolls, the Unemployment Rate, and a speech by the Fed’s J. Williams. EURUSD reached new multi-week highs near […]

The post NFP: USD Hungers For Revitalization appeared first on Action Forex.

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06/03/2024

ECB to Ask for More Patience Before Rate Cuts

ECB announces rate decision on Thursday at 13:15 GMT Policymakers to avoid rate cut signals as inflation risks linger in the background New economic projections might reflect potential changes in the ECB’s thinking Don’t expect rate cut signals Hawkish views by central bankers and positive economic data have led investors to reconsider their expectations of aggressive rate cuts. […]
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 […]
12/12/2023

Sunset Market Commentary

Markets UK labour data published this morning served as a starter before for the release the US CPI this afternoon. The data came out on the soft side of expectations. November payrolled employees declined 13k from a gain of 39k in October (and 5k expected). The series is on a downtrend, but proved quite volatile […]