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In focus this week Today will be quiet on the data front, with no major releases scheduled This week is expected to be calm before the storm of the US election. On Tuesday we will have the JOLTs report and the consumer confidence from the US Conference Board. On Wednesday, we receive preliminary estimate of […]

The post US Jobs Report and Inflation in Focus This Week appeared first on Action Forex.

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EURUSD Halts Decline But Downside Risks Persist

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20/05/2024

Australian Dollar Eyes RBA Minutes

The Australian dollar is unchanged at the time of writing, trading at 0.6692 in the European session. There are no economic releases out of the US or Australia today, which should translate into a quiet day for AUD/USD. The Aussie is coming off an excellent week, gaining 1.36% and hitting its highest level since January. […]
20/12/2023

GBP/USD – Inflation Surprise Sends Pound Lower

UK inflation falls to 3.9%, lower than expected British pound declines The British pound has declined on Wednesday. In the European session, GBP/USD is trading at 1.2658, down 0.58%. UK inflation surprises on the downside UK inflation was lower than expected in November and the surprising release has sent the British pound lower today. Headline […]
03/09/2024

GBPUSD Takes a Negative Turn

GBPUSD starts a new bearish wave but maintains broad uptrend Technical signals reflect appetite for more selling; eyes on 1.310b GBPUSD resumed its negative momentum during Tuesday’s early European trading hours, crossing below the steep support trendline, which had been curtailing the pullback from the two-and-a-half year high of 1.3265 over the past two trading […]