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January’s job growth could dip below 200K. The labor market remains strong overall. USD/JPY in bearish mode; a single rate cut still provide support. The first Nonfarm Payrolls (NFP) report of the year –and the last of Biden’s era –will be published this Friday, making it a key event for traders. Trump’s escalating-de-escalating tariff policies […]

The post Could Friday’s NFP Report Trigger More Dollar Sell-off? appeared first on Action Forex.

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30/01/2025

ECB Expected to Trim Rates, Euro Edges Lower

The euro has edged lower ahead of today’s rate annoucement from the European Central Bank. In the European session, EUR/USD is currently trading at 1.0396, down 0.23% on the day. ECB projected to lower rates to two-year low The European Central Bank is widely expected to deliver a 25-basis point rate cut at today’s meeting, […]
17/04/2024

Brent crude prices dip amid concerns over global demand

Brent crude oil prices decreased slightly on Wednesday, falling to 89.50 USD per barrel. The decline is primarily attributed to concerns over global oil demand, particularly given the economic indicators coming out of China, the world’s largest energy importer. Although China’s GDP grew faster than expected in Q1 2024, other critical economic parameters such as […]
28/08/2024

NZDUSD Still Bullish But Rally Looks Overstretched

NZDUSD is up almost 5% so far in August Further gains are likely, but risk of near-term correction is high NZDUSD is trading near seven-month highs on Wednesday, as the pair continues its August bull charge. However, there appears to be some resistance in the 0.6250 area where the intersecting long-term descending trendline is providing […]