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UK set to report further softening in employment conditions Data accuracy issues persist, but wage growth could still move the pound GBPUSD needs to gain buying confidence above 1.2700 BoE leans towards a rate cut The Bank of England (BoE) left interest rates steady at a 16-year high of 5.25% last Thursday as widely expected, and although […]

The post Will UK Jobs Data Give Any Meaningful Signal? appeared first on Action Forex.

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13/02/2024

NZD/USD Dips Despite Hawkish RBNZ

RBA’s Orr says high rates still needed New Zealand releases inflation Expectations on Tuesday The New Zealand dollar is lower on Monday. In  the European session, NZD/USD is trading at 0.6127, down 0.35%. The New Zealand dollar ended the week on a high note, gaining 0.86% against the US dollar on Friday. RBNZ’s Orr says […]
02/08/2024

USDCAD Hits 8-Month High, But It’s Not a Victory Yet

USDCAD marks new higher high after disappointing ISM manufacturing PMI A close above 1.3880-1.3900 is needed to postpone profit-taking US nonfarm payrolls eagerly awaited at 12:30 GMT USDCAD began the month on a positive note, swiftly recovering from its recent setback and reaching an eight-month high of 1.3877, slightly above April’s peak of 1.3844. The […]
31/01/2024

What To Trade In February

Major currency pairs like USD/JPY and USD/CHF face potential shifts in trends as central banks reevaluate interest rates. The Euro and British Pound are poised for nuanced movements based on economic conditions and rate decisions. Meanwhile, the Australian and New Zealand Dollars grapple with changing interest rate differentials and economic uncertainties. For now though, let’s […]