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In focus today In the US, the March Jobs Report finishes off an eventful week. We think nonfarm payrolls growth slowed down to just 110k (from +151k) amid federal layoffs and sharply slowing immigration. The unemployment rate could edge slightly higher to 4.2% although we think tighter labour supply growth will constrain the rate from […]

The post DOGE-Driven Layoffs Set the Stage for US Jobs Report appeared first on Action Forex.

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Nikkei (NKD) Appears Poised to Continue Broader Corrective Trend

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05/07/2024

WTI Wave Analysis

WTI broke resistance level 81.10 Likely to rise to resistance level 86.00 WTI crude oil recently broke the resistance level 81.10 (former top of the minor correction (b) from the end of May). The breakout of the resistance level 81.10 coincided with the breakout of the 61.8% Fibonacci correction of the previous sharp ABC correction […]
01/04/2025

Crypto’s Attempt to Stabilise

Market picture The cryptocurrency market struggled to find its footing on Monday, showing signs of a bullish effort to avoid slipping into a deeper downturn. A late-day rebound in the stock market provided some support, helping push the total market cap up by 1.1% over 24 hours, though it remains down 5% over the past […]
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 […]