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Bitcoin jumped on Monday, advancing 2.7% until early US trading, as softer tones on tariffs from Trump’s administration revived positive sentiment. Fresh strength emerges above multi-day range and generates positive signal on break of the upper boundary of triangle on daily chart. Daily close above triangle (upper line lays at 86113) will be minimum requirement […]

The post Bitcoin: Bulls Regain Traction on Softer Tariff Rhetoric appeared first on Action Forex.

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15/05/2024

Australian Dollar Higher, Wage Growth Dips Lower

The Australian dollar has extended its gains on Wednesday. AUD/USD is up 0.24%, trading at 0.6642 in the European session at the time of writing. Has Australia’s wage growth peaked? Australian wages rose less than expected in the first quarter, a sign that inflationary pressures may be easing. The wage price index rose 0.8% q/q […]
01/12/2023

Canada’s Labour Market Posts Decent Gain in November

The Canadian labour market added 24.9k positions in November, with full-time employment up 59.6k and part-time employment down 34.7k. The unemployment rate rose 0.1 percentage point to 5.8% and the participation rate was unchanged at 65.6%. Employment by sector showed gains in manufacturing (+28k) and construction (+16k), while losses were seen in wholesale/retail trade (-27k) […]
07/08/2024

Remember Inflation? July CPI Preview

Summary The July CPI report is likely to further the case that inflation is quieting down even if it has not yet returned all the way back to the Fed’s target. We look for headline CPI to have advanced 0.2% in July, which would keep the year-over-year rate steady at more than a three-year low […]