In focus today In the US, ADP’s October private sector employment report and flash Q3 GDP will be released in the afternoon. ADP’s figures could provide some early hints of what to expect from Friday’s key non-farm payrolls release. We expect that GDP expanded 2.5% on annualized q/q basis (Q2: 3.0%) largely driven by still […]
In recent trading sessions, European currencies have shown mixed performance. The EUR/USD pair found support just below the 1.0800 level, while GBP/USD plunged below the critical 1.2900 support. Today, investors and market participants are awaiting U.S. labour market data, while next week’s U.S. election adds to the anticipation. This could lead to sharp increases in […]
The post Euro Retreats from Recent Lows, Pound Plummets After Budget Data Release appeared first on Action Forex.
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Buy Gold reversed from round support level 3000.00 Likely to rise to resistance level 3100.00 Gold recently reversed up from the support area between the round support level 3000.00 (which stopped the earlier minor correction iv in the middle of March) and the lower daily Bollinger Band. This support area was further strengthened […]