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In focus today In the US, we receive JOLTs labour turnover, which is a key measure of labour demand for the Fed. The October consumer confidence survey is also due for release. In Sweden, at 08:00 CET, the GDP indicator for Q3 is released. The first two quarters presented a mixed growth picture; the Q1 […]

The post Swedish GDP and US Labour Market Data in Focus Today appeared first on Action Forex.

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12/09/2024

NZD: New Lows May Be Formed Soon

According to UOB analysts, the New Zealand Dollar (NZD) could test the 0.6115 level, provided it stays below 0.6185. However, a significant break below this level isn’t expected at the moment. In the longer term, if NZD does manage to drop below 0.6115, it could potentially move further towards 0.6085. Earlier today, NZD traded between […]
05/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, indicating weakness in the US Dollar. Price could potentially continue its bearish movement towards the 1st support level. The 1st support at 101.77 is categorized as a pullback support and is associated with the 38.20% Fibonacci Retracement level. This level may act […]
05/08/2024

Crypto Investors Have Lost Their Nerve

Market picture The cryptocurrency market was hit by a sell-off over the weekend, the likes of which haven’t been seen in a long time. We would not have been surprised to see such a sell-off before the halving due to the last takeout of buyers before the start of active growth. There is nothing unusual […]