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In focus today In the US, the October ADP private sector employment report is due for release this afternoon. The release is likely to get more attention than usual due to the delays to the BLS’s monthly jobs report. ADP’s early estimate based on weekly employment data until 11 October indicated small, but positive employment […]

The post US ADP Jobs Report Takes Centre Stage amid BLS Delay appeared first on Action Forex.

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06/01/2025

DXY and EUR/USD: Outlook and Technical Analysis

The US Dollar Index (DXY) starts the week lower as market participants reposition ahead of a data-heavy week. EUR/USD recovers but will German inflation derail the rally? The DXY is at a key confluence; a break of the trendline could lead to a downside correction, while a bounce could open up the possibility of fresh […]
06/08/2024

AUD/USD Remains Under Pressure as RBA Holds Rates

The Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing. RBA maintains cash rate at 4.35% The Reserve Bank of Australia held the cash rate at 4.35% for a seventh straight time today. The markets […]
23/04/2024

Australian Dollar Rises on Strong Economic Indicators

The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia. The latest manufacturing PMI report for April significantly contributed to the Australian dollar’s appreciation. It showed […]