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US nonfarm payrolls to be released on Friday, 12:30 GMT Analysts estimate softer employment conditions in July Gold might push for an uptrend resumption if jobs data disappoint Will July’s NFP report be a game-changer? Friday’s nonfarm payrolls report will not be the last before September’s FOMC policy meeting, but it will be the first release […]

The post Will US Nonfarm Payrolls Steal The Show This Week? appeared first on Action Forex.

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02/02/2024

DAX Near Term Support Area

Short Term Elliott Wave view in DAX suggests the rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave 1 ended at 17003.28. Wave 2 pullback subdivided into a double three Elliott Wave structure. Down from wave 1, wave ((w)) ended at 16448.71 and wave ((x)) rally ended at […]
26/04/2024

Australian Dollar Extends Gains as PPI Surges

The Australian dollar has posted four straight winning sessions this week and is in positive territory on Friday. In the European session, AUD/USD is trading at 0.6534, up 0.24%. The Aussie has powered higher this week, climbing 1.82%. Australia’s PPI blows past estimate Australia’s Producer Prices index jumped 4.3% y/y in the first quarter, up […]
26/07/2024

Bank of England Preview – A Dovish Hold; Limited EUR/GBP Downside Potential

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 1 August. We stress that it is a very close call not least due to the very limited amount of communication from the MPC over the past months. Overall, we expect the BoE to deliver a dovish twist to […]