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Fresh signs of a cooling labour market are boosting confidence in the Fed’s policy turnaround but have so far had a mixed effect on the dynamics of major markets. The labour market is in the spotlight this week as it has the power to decide when and by how much the Fed will cut its […]

The post US Labour Market: Normalisation, Not Recession appeared first on Action Forex.

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ECB Preview – Dialling Back, But Pace Ucertain

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USD/JPY Extends Losses, US NFP Report Next

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18/09/2024

USDJPY Experiences Renewed Decline as Market Adjusts Expectations

The USDJPY pair is currently stabilising around 141.44 on Wednesday, following a brief strengthening of the US dollar which impacted the yen negatively the previous day. Despite this, the overarching downward trend for the pair persists. Tuesday witnessed strong US retail sales data, bolstering the dollar’s strength temporarily and leading to a correction in the […]
11/12/2023

Sharp Change in BTC/USD Price: Causes and Consequences

On Monday morning, the price of bitcoin fell sharply. As the chart shows, the BTC/USD rate fell below 42,000 on Monday during the Asian session. According to Coinglass, the decline resulted in about $400 million worth of positions being liquidated by about 100,000 traders on cryptocurrency exchanges. So far, the price has found support around […]
17/09/2024

Crude Oil Prices Recovery Begins: Can It Sustain?

Key Highlights Crude oil prices started a recovery wave from the $65.50 support. A major bearish trend line is forming with resistance at $72.50 on the 4-hour chart. Gold consolidated gains after trading to a new all-time high above $2,580. EUR/USD regained traction for a move above the 1.1100 level. Crude Oil Price Technical Analysis […]