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US Non-Farm Payroll (NFP) data release is highly anticipated amidst shifting expectations of a Fed rate cut. Market predictions for the NFP report vary, with analysts split on expected figures. S&P 500 technical analysis reveals a bullish triangle pattern, will the bulls finish the week strong? NFP Preview: What to Expect Market participants are waiting […]

The post NFP Preview – US Jobs Report and Potential Impact on S&P 500 appeared first on Action Forex.

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US: Payrolls Come in Well Above Expectations, While Unemployment Rate Falls to 4.1% 

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06/09/2024

Finally, It Is NFP Time

In focus today The most important data release of the week and a pivotal reading ahead of the September rate decisions will be the US August Jobs Report, due for release 14.30 CET today. We expect nonfarm payrolls growth to rebound to +170k after a weaker reading in July (+114k), unemployment rate to remain steady […]
12/09/2024

AUDUSD Remains Above 200-day SMA

AUDUSD battles with 50-day SMA Stochastics point north but RSI flattens AUDUSD had a bullish start on Thursday, with the price flirting with the 50-day simple moving average (SMA) at 0.6670. Momentum signals are neutral-to-bullish, with the RSI appearing to be heading south, while the stochastic oscillator has reversed higher after the bullish crossover within its %K […]
04/12/2023

CHFJPY Wave Analysis

CHFJPY reversed from resistance level 170.30 Likely to fall to support level 167.40 CHFJPY currency pair recently reversed down from the key resistance level 170.30, which stopped the previous impulse wave (3) earlier this month. The resistance level 170.30 was strengthened by the upper daily Bollinger Band. Given the strength of the resistance level 170.30, […]