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December jobs report not expected to upset markets Any slowdown in hiring could reinforce rate cut bets But dollar bulls anticipating a different outcome on Friday, 13:30 GMT Markets vs the Fed The soft landing narrative completely took hold of the market towards the end of 2023, spurring a risk rally that pushed Treasury yields […]

The post Risk Rally on Pause, Dollar Rebounds as NFP Report Awaited appeared first on Action Forex.

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07/05/2024

AUD/NZD: Aussie Medium-Term Outperformance Against Kiwi Intact Supported by RBA

Today’s RBA monetary policy decision statement has kept the possibility of a rate hike before 2024 ends “alive”. The narrowing of the discount between Australia-New Zealand sovereign bonds yield spread has supported the potential continuation of the AUD/NZD medium-term uptrend phase. Watch the key medium-term support of 1.0940 on the AUD/NZD. The paths of inflationary […]
17/09/2024

EURJPY Wave Analysis

EURJPY reversed from support zone Likely to rise to the resistance level 157.40 EURJPY currency pair recently reversed up from the powerful support zone located between the long-term support level 154.85 (which has been reversing the price from last year) and the lower daily Bollinger Band. The upward reversal from this support zone is likely […]
13/03/2024

Why are Gold and Bitcoin Hitting New Records Together?

Gold and Bitcoin cruise to new all-time highs simultaneously However, there are different drivers behind these rallies Overall, both assets might have more scope to run higher Gold and bitcoin go through the roof It’s pretty rare to see gold and bitcoin setting new record highs at the same time. Gold is considered the ultimate […]