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Important events of this week for investors and traders in the US stock market could be the employment news, which will be published tomorrow at 15:30 GMT+3: → non-Farm Payrolls (NFP) report for March. According to CNN, analysts expect nonfarm payrolls to rise by 192,500 in March. NFP for February was 275,000, according to FactSet. […]

The post US Stock Market Awaits the Publication of NFP And Unemployment Data appeared first on Action Forex.

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04/09/2024

A Jump in Eurozone PPI Won’t Stop ECB Easing

Perhaps disinflationary trends in the eurozone are giving way to pro-inflationary ones. The eurozone’s producer price index rose 0.8% in July after rising 0.6% in the previous month. Prices are still lower year-on-year for the fifteenth month, with a reading of -2.1% after -3.3% the previous month. Nevertheless, the jump over the past two months […]
21/03/2024

Interesting Divide Between Markets’ and Our Interpretation on Fed

Markets Let’s dive right into yesterday’s Fed meeting. There’s an interesting divide between markets’ and our interpretation. For the former it was nothing but an outright dovish, cuts-are-coming-soon tribute. The three major US stock indices simultaneously closed at record highs. US yields turned south, slipping more than 8 bps at the front. The dollar tanked. […]
27/08/2024

Gold Continuing To Find Support Into The Pullbacks

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Gold. The rally from the 25 July 2024 low showed a higher high sequence & provided a short-term extreme trading opportunity. In this case, the pullback managed to reach the equal legs area & provided a […]