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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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22/07/2024

WTI Oil Outlook: Bears Taking a Breather After 4.3% Weekly Drop

WTI oil price is holding within a narrow consolidation in early Monday, following sharp acceleration lower on Friday (down 2.8% for the day) and weekly loss of 4.3% (the biggest weekly drop since the last week of April. Oil closed below $80 on Friday, for the first time in five weeks, with near-term action being […]
10/01/2024

CHFJPY Wave Analysis

CHFJPY reversed from resistance level 170.00 Likely to fall to support level 168.00. CHFJPY currency pair recently reversed down from the pivotal resistance level 170.00 (former Double Top from November) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 170.00 stopped the earlier impulse wave C from the start of […]
27/06/2024

USD/JPY Steady as BOJ Watches With Sense of Urgency

Japanese yen remains below 160 USD/JPY is trading at 160.38 early in the North American session, down 0.25% on the day. The Japanese yen has been trading below 160 on Thursday, after dropping as low as 160.87 on Wednesday, its lowest level since December 1986. As the yen continues to hit new lows, there are […]