Logo-color Logo-white

As the US Non-Farm Payrolls (NFP) take center stage, this month’s data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs in the last three months, marking a 68% drop from the […]

The post Will NFP Be Positive for the US Dollar? appeared first on Action Forex.

previous

CADJPY Wave Analysis

next

Technical Outlook and Review

Read More

22/07/2024

Biden Leaving Election Races Dominates Headlines

Markets Markets and several economic sectors Friday morning faced some jitters due to an IT outage linked to problems with an security update by CrowdStrike. It added to a risk-off tone at the final session of the week. Major US and EMU equity indices lost slightly less than 1.0% (S&P 500 -0.71%, Eurostoxx 50 -0.88%). […]
02/04/2024

GBPUSD Starts April With a Drop

GBPUSD moves sharply down on the first trading day of April 2024 neutral trajectory valid above 1.2500 GBPUSD plummeted to a six-week low of 1.2538 as investors returned from the Easter holiday break, re-establishing the downward pattern from the March high. Given the price’s position at the bottom of the 2024 range and around the […]
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. […]