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As shown in today’s EUR/USD chart, the euro has dropped below the 1.100 level against the US dollar. This decline is partly due to Friday’s strong US jobs report, which revealed: → the largest job growth in six months, → a decrease in the unemployment rate, → solid wage growth. These factors suggest a resilient […]

The post EUR/USD Analysis: The Exchange Rate Falls Below 1.100 appeared first on Action Forex.

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04/10/2024

Markups and Downs

The RBA no longer says that wages growth is too high to be consistent with inflation returning to target. But how did it come to that conclusion in the first place? Last week we noted that, in its September post-meeting communications, the RBA was no longer saying that wages growth was ‘above the level that […]
27/06/2024

GBP/USD Faces Downside Risk: What Traders Should Watch

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Pound Traders Lock Gaze on UK Inflation and GDP Data

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