In focus today In the US, the Challenger report of November layoff and hiring announcements is due for release in the afternoon. While not usually a tier-1 market mover, it is one of the few timely data points on labour markets that will be available for the Fed before next week’s meeting due to the […]
The post US Employment Drops in November, Fed Rate Cut Expectations Rise appeared first on ActionForex.
Daily Pivots: (S1) 0.6569; (P) 0.6586; (R1) 0.6619; More… AUD/USD’s rally from 0.6420 accelerates higher today and the solid break of 0.6579 resistance adds to the case that whole correction from 0.6706 has completed at 0.6420. Intraday bias stays on the upside for retesting 0.6709 and then 0.6713 key fibonacci level. For now, risk will […]
The post AUD/USD Daily Report appeared first on ActionForex.
Daily Pivots: (S1) 0.6569; (P) 0.6586; (R1) 0.6619; More… AUD/USD’s rally from 0.6420 accelerates higher today and the solid break of 0.6579 resistance adds to the case that whole correction from 0.6706 has completed at 0.6420. Intraday bias stays on the upside for retesting 0.6709 and then 0.6713 key fibonacci level. For now, risk will […]
The post AUD/USD Daily Report appeared first on ActionForex.
Daily Pivots: (S1) 0.6569; (P) 0.6586; (R1) 0.6619; More… AUD/USD’s rally from 0.6420 accelerates higher today and the solid break of 0.6579 resistance adds to the case that whole correction from 0.6706 has completed at 0.6420. Intraday bias stays on the upside for retesting 0.6709 and then 0.6713 key fibonacci level. For now, risk will […]
The post AUD/USD Daily Report appeared first on ActionForex.
NZD/USD extended its rebound from 0.5580 this week as the pair capitalized on a softer US Dollar, driven by the sharp deterioration in ADP employment data. The weak labor reading reinforced expectations of a December Fed rate cut, prompting another wave of USD selling across major pairs and giving the Kiwi room to advance. Underlying […]
The post NZD/USD in bullish reversal? 0.5799 resistance holds key appeared first on ActionForex.
NZD/USD extended its rebound from 0.5580 this week as the pair capitalized on a softer US Dollar, driven by the sharp deterioration in ADP employment data. The weak labor reading reinforced expectations of a December Fed rate cut, prompting another wave of USD selling across major pairs and giving the Kiwi room to advance. Underlying […]
The post NZD/USD in bullish reversal? 0.5799 resistance holds key appeared first on ActionForex.
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