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The monthly jobs report has enough potential for the market to set the trend for the coming weeks. However, there is also a risk that the extensive list of indicators, from employment change and unemployment rate to the pace of wage growth, will feed both the dove and hawk camps. In our view, the slowdown […]

The post Strong NFP Could Deepen Correction in Stocks & Support Dollar appeared first on Action Forex.

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17/04/2024

NZDUSD Bounces Off 5-Month Low

NZDUSD posts some gains after negative days Immediate resistance at 0.5940 Stochastics and RSI tick higher NZDUSD rebounded off the five-month low of 0.5858 after three straight negative days with the technical oscillators confirming that an upside recovery may be on the cards. The RSI is pointing north near the 30 level, while the stochastic posted a bullish crossover […]
17/09/2024

Will Fed Cut by 25 bps or 50 bps?

Fed is expected to cut rates, but is it too late to the game? Intense speculation about size of cut as markers lean towards 50 bps New dot plot will also be crucial in Wednesday’s decision at 18:00 GMT Fed to join rate-cut club The timing of the Fed’s first interest rate cut of the […]
19/07/2024

USDCHF Wave Analysis

 USDCHF reversed from support area Likely to rise to resistance level 0,9000 USDCHF currency pair today reversed up from the support area located between the key support level 0.8835 (which created the Morning Star in June), 38.2% Fibonacci correction of the upward impulse from December and the lower daily Bollinger Band. The upward reversal from […]