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EURUSD posts 6 red sessions Price plunges below 1.1000 Stochastics indicates upside recovery But RSI keeps falling EURUSD plummeted more than 2% after the pullback from the double top around 1.1200, recording six straight red days. The price also tumbled beneath the short-term uptrend line and the 1.1000 round number, confirming the bearish correction in […]

The post EURUSD Pauses Southward Run Near 1.0950 appeared first on Action Forex.

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03/05/2024

US: Job Gains Lose Some Momentum in April, Unemployment Rate Ticks Up to 3.9% 

Non-farm employment rose by 175k in April, below the consensus forecast of 240k. Job gains in the two prior months were also revised lower by a combined 22k. Private payrolls rose 167k, with most of the gains concentrated in health care & social assistance (87k), transportation & warehousing (21.8k) and retail trade (20.1k). Meanwhile, information […]
08/11/2024

Crypto Market Stands on Top

Market Picture The cryptocurrency market is consolidating near the $2.5 trillion mark after pulling back slightly from the local peak. Judging by intraday performance, the market is undergoing a shakeout of positions as some players close positions related to the idea of a Republican victory. The market’s further momentum will depend on whether politicians continue […]
06/06/2024

Gold Prices Reach 2368 USD Amid Speculation of Fed Rate Cuts

Gold prices climbed to 2368 USD per troy ounce on Thursday, continuing the upward momentum for the second session. This surge comes as market expectations adjust to the likelihood of future interest rate cuts by the Federal Reserve, fuelled by recent employment data. Data from ADP indicated that the number of private-sector jobs in the […]