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Markets The US September payrolls report beat market expectations for all key metrics. It also made markets question the need for ‘aggressive’ Fed-support to prevent a potential unwarranted softening of the labour market. US job growth in September reaccelerated from 159k to 254k and the figure for the previous two months was upwardly revised by […]

The post Payrolls Proved to be a Game-changer appeared first on Action Forex.

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News of the Week (October 7—October 11): NZDUSD Market Overview

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14/06/2024

WTI Oil Week Ahead: WTI Eyes $80 a Barrel on Demand Optimism

WTI Oil on course for its best week in over two months. WTI unfazed as OPEC and IEA forecast paint differing demand pictures. WTI eyeing trendline break and psychological $80 a barrel mark. Fundamental Overview and Week in Review WTI oil prices are experiencing a resurgence this week, driven by demand optimism. This positions WTI […]
06/11/2024

Trump Trade in Full Swing

We’re on the cusp of the US election results. They’re starting to trickle in, pointing toward a more favourable outcome for the Republicans and Donald Trump. As a result, the so-called ‘Trump trade’ is in full swing this morning. The US yields are pushing higher on expectation of further debt ballooning under a Donald Trump […]
11/03/2024

EURGBP Wave Analysis

EURGBP reversed from multi-month support level 0,8500 Likely to rise to resistance level 0.8565 EURGBP currency pair today reversed up from the major multi-month support level 0,8500 (which has been repeatedly reversing the pair from last July, as can be seen below). The support level 0,8500 was further strengthened by the lower daily Bollinger Band. […]