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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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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 […]
16/04/2024

EURUSD Wave Analysis

EURUSD broke support level 1.0730 Likely to fall to support level 1.0570 EURUSD currency pair fall after the earlier breakout of the key support level 1.0730 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the ABC correction (2) from October. The breakout of the support level 1.0730 accelerated […]
03/07/2024

EUR/USD Outlook: Bulls Regain Control and Look for Retest of Key Barriers

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