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Markets Today’s countdown towards the March payrolls fortunately wasn’t in vain. Job gains printed at a stellar 303k, surging past the 214k consensus, the 232k whisper number and the 290k high-end of analyst estimates. The two-month revision brought an additional 22k jobs. Gains were broad-based but sectors showing the biggest rise include health & social […]

The post Sunset Market Commentary appeared first on Action Forex.

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25/01/2024

GBPCHF Wave Analysis

GBPCHF falling inside minor impulse wave a Likely to fall to support level 1.0900 GBPCHF continues to fall inside the minor impulse wave a of the B-wave which started earlier from the key resistance level 1.1060 (which reversed the pair multiple times in December). The resistance level 1.1060 was further strengthened by the upper daily […]
04/01/2024

AUD/JPY Price Analysis: Sees Modest Gains as Buyers Target 97.00

AUD/JPY edges down to 96.35 after a 0.46% gain, with bullish-harami pattern suggesting potential upside momentum. Buyers aim for the January 2 high of 96.71 and the 97.00 mark, with subsequent resistance levels at 97.67 and 98.00. If the upside is capped, sellers might target Senkou Span B at 96.14 and Kijun Sen at 95.90, […]
04/09/2024

Canadian Dollar Steady Ahead of BoC Decision

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3555 at the time of writing, down 0.08%. BoC expected to cut for third consecutive time All eyes are on the Bank of Canada, which will announce its rate decision later today. The BoC is expected to lower […]