EUR/USD holds losses near 1.1450 after retreating from two-month highs
EUR/USD continues to lose ground after pulling back from a two-month high of 1.1495, marked on June 5, currently trading around 1.1440 during the Asian hours on Friday.
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Goldman Sachs expects headline 125k in payroll growth for May
Goldman Sachs expects
- headline 125k in payroll growth for May
- jobless rate 4.2%
- wage growth 0.3% m/m
GS say federal government hiring may drag on headline numbers due to workforce cuts
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Earlier:
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The data is due at 0830 US Eastern time:
This article was written by Eamonn Sheridan at www.forexlive.com.
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Export Slowdown Widens Canadian Trade Deficit in April
Canada’s trade deficit widened from a revised $2.3 billion in March to $7.1 billion in April. This is the widest monthly trade deficit on record. Merchandise exports cratered (-10.8% m/m) continuing their slide from February and March’s much smaller declines. The drop in exports was broad-based, falling in 10 of 11 industries. Exports of passenger […]
The post Export Slowdown Widens Canadian Trade Deficit in April appeared first on Action Forex.
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Need a non-farm payroll preview – we’ve got you covered!
Adam took a look at the data tto write his NFP preview.
Check it out here:
This article was written by Eamonn Sheridan at www.forexlive.com.
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Bitcoin Wave Analysis
Bitcoin: ⬇️ Sell Bitcoin broke support zone Likely to fall to support level 98,000.00 Bitcoin cryptocurrency recently broke the support zone located between the key support level 102150.00 (which reversed the price multiple times from the start of May) and the 50% Fibonacci correction of the upward impulse from last month. The breakout of this […]
The post Bitcoin Wave Analysis appeared first on Action Forex.
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Elon Musk says won’t decommission Dragon spacecraft
Elon Musk says won’t decommission Dragon spacecraft
- SpaceX’s Dragon spacecraft serves as the company’s main vehicle for transporting both astronauts and cargo into orbit.
- Backed by multibillion-dollar contracts with NASA, SpaceX regularly carries NASA crews to and from the International Space Station. These missions are key to helping the agency sustain a continuous human presence on the ISS through its planned retirement in 2030.
Musk had earlier said he would decommission Dragon in light of Trump’s statement’s re cancelling contracts.
This article was written by Eamonn Sheridan at www.forexlive.com.
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PBOC sets USD/ CNY reference rate for today at 7.1845 (vs. estimate at 7.1935)
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.
Previous close was 7.1790
PBOC injected 135bn yuan via 7-day reverse repos at 1.40%
- 291.1bn yuan mature today
- net drain is 156.1bn yuan
This article was written by Eamonn Sheridan at www.forexlive.com.
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Eco Data 6/6/25
The post Eco Data 6/6/25 appeared first on Action Forex.
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Gold Poised for Further Gains as US Economic Outlook Deteriorates
Gold prices held firm at 3,373 USD per troy ounce on Thursday, remaining near a four-week high. The metal’s strength is being fuelled by mounting concerns over the US economic slowdown, boosting demand for non-yielding safe-haven assets. US data signals economic distress The latest reports revealed a contraction in the US service sector for the […]
The post Gold Poised for Further Gains as US Economic Outlook Deteriorates appeared first on Action Forex.
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Is It Ethereum’s Time Again? ETH and ETH/BTC Technical Outlook
Ethereum had a rough beginning of 2025—failing to reach new all-time highs, while Bitcoin smashed through its own ATH multiple times. Solana, providing a cheaper alternative to ETH services, also held stronger than the Ether throughout the latter part of 2024 and beginning 2025. ETH performance is key to the overall crypto market performance; the […]
The post Is It Ethereum’s Time Again? ETH and ETH/BTC Technical Outlook appeared first on Action Forex.
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