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ADP reported a 103k increase in new private sector jobs in the US, against expectations of 130k and 106k (revised from 113k) a month earlier. This indicator was designed as the last insight on the jobs market before the official data. In the last three months, according to ADP, the private sector has been creating […]

The post US Private Sector Slowed Hiring, ADP Says appeared first on Action Forex.

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19/06/2024

Market Analysis: AUD/USD and NZD/USD Sight Steady Increase

AUD/USD is attempting a recovery wave from 0.6590. NZD/USD could gain bullish momentum if there is a clear move above the 0.6150 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near 0.6590 and is now recovering against the US Dollar. There was a break above a key bearish trend […]
05/07/2024

Gold Maintains Upward Trend as Market Anticipates US Jobs Data

Gold prices have continued their ascent, with a troy ounce of the precious metal reaching USD 2363. This rise is primarily fuelled by anticipated US employment data for June, which could significantly influence the Federal Reserve’s rate decisions. Recent US economic indicators, including a contraction in the service sector and weaker-than-expected private sector employment figures […]
15/02/2024

Bitcoin Price Extend Rally, Ethereum and Altcoins Follow

Key Highlights Bitcoin price extended its rally above $50,000 and $51,000. BTC is trading above a key bullish trend line with support at $49,650 on the 4-hour chart. Ethereum also rallied above the $2,650 and $2,700 resistance levels. XRP and SOL are also showing signs of bullish bias. Bitcoin Price Technical Analysis Bitcoin price corrected […]