Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
In focus today In the euro area we receive the unemployment rate for August, which is expected to have remained at 6.2%. The labour market remains strong, but it has moderated somewhat with employment increases almost stalling, which does give some upward risks to the unemployment rate in the coming months as the labour force […]
The post Weak US Private Payrolls Amid Friday’s NFP Release Uncertainty appeared first on Action Forex.
Daily Pivots: (S1) 0.8682; (P) 0.8712; (R1) 0.8734; More… EUR/GBP recovered quickly after breaching 0.8694 support and intraday bias stays neutral first. On the upside, firm break of 0.8750 will resume larger rise to 0.8867 fibonacci level. However, decisive break of 0.8694 will turn bias back to the downside for 0.8631 support. Firm break there […]
The post EUR/GBP Daily Outlook appeared first on Action Forex.
The ongoing US government shutdown has done little to rattle investor sentiment so far. Wall Street shrugged off the impasse, with the S&P 500 closing at a fresh record high overnight while DOW and NASDAQ also advanced. In Asia, risk appetite carried through as Hong Kong surged on its return from holiday and Japan’s Nikkei […]
The post Wall Street Hits Records Despite Shutdown, Yen Strength Continues appeared first on Action Forex.
Key Highlights Ethereum found support near $3,820 and started a decent upward move. ETH is approaching a contracting triangle with resistance near $4,500 on the daily chart. Bitcoin price rallied over 5% and cleared the $118,000 resistance. XRP is struggling to gain pace for a move above the $3.00 level. Ethereum Technical Analysis Ethereum dipped […]
The post Ethereum Price Bounce – Will Rally Continue Or Fizzle Out At Hurdles? appeared first on Action Forex.
Following up on a previous comment, which may have been overlooked…. The selloff in EUR/JPY and CHF/JPY has intensified since Monday, with both pairs now testing key moving averages. Sustained breaks here would strengthen the case that the cross rates have entered a larger-scale correction after months of relentless gains. The latest push lower came […]
The post EUR/JPY, CHF/JPY pressing key EMA support, at risk of larger-scale corrections appeared first on Action Forex.
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