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U.S. Highlights The U.S. economy continued to add jobs in November, while the unemployment rate dipped, and wage growth held steady. The JOLTS data also showed a narrowing gap between labor demand and supply, which suggests that activity in the labor market continues to normalize and come into better balance. The ISM services index showed […]

The post The Weekly Bottom Line: The (Re)balancing Act Continues appeared first on Action Forex.

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31/05/2024

CHFJPY Wave Analysis

CHFJPY broke key resistance level 172.50 Likely to rise to resistance level 174.00 CHFJPY currency pair recently broke above the key resistance level 172.50, which has been repeatedly reversing the price from the end of April. The breakout of the resistance level 172.50 should accelerate the active minor impulse wave 3 of the higher order […]
06/06/2024

ECB’s Interest Rate Decision and Impact on EUR/USD Exchange Rate

Talking Points ECB Main Refinance Rate and EU Inflation EUR/USD Technical Analysis – Daily Chart ECB Main Refinance Rate and EU Inflation The European Central Bank is scheduled to announce its main refinancing rate on its June 6th, 2024 meeting, traders around the world are looking forward to the central bank’s decision and how it […]
10/09/2024

USDJPY Lacks Direction, Looks to US CPI

USDJPY hovers around 20-period moving average (SMA) Some upside momentum still present Next move will likely depend on US CPI report USDJPY is consolidating around its 20-period SMA after the rebound from the one-month low of 141.76 quickly ran out of steam. The RSI is fluctuating right beneath the 50-neutral mark, but the MACD continues […]