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USD/JPY Rally Resumes Ahead of US Nonfarm Payrolls Report
The USD/JPY pair has resumed its rally, breaking above the 145.00 resistance level. On the 4-hour chart, a bullish trend line is forming with support at 145.80. This indicates a positive momentum for the...
ISM Services Index Surges in Forex Market Update
The US dollar strengthened as the ISM services report showed a significant increase, reaching its highest level since February 2023. However, there was a slight concern as the employment indicator dropped below 50, just...
US Services Sector Sees Growth Surge in September – Action Forex
The US services sector experienced a significant surge in growth during the month of September, according to the latest ISM Services index. The index rose to 54.9, up from 51.5 in August, surpassing expectations...
European Central Bank Likely to Cut Rates to 1% Due to Economic Factors
The European Central Bank is considering cutting interest rates to 1% due to current economic factors. This decision could have a significant impact on financial markets and investors. However, it is important to note...
Sunset Market Analysis: Latest Updates and Insights for Forex Traders
Oil markets experienced significant volatility today, with Brent prices initially rising by 3.5% before settling at a 2.7% increase. This surge was in response to Iran's missile attack on Israel, which led to fears...
NZDUSD Trades Towards Yesterday’s Low: Sellers in Action
The NZDUSD currency pair is currently on a downward trend, reaching new lows for the day and retesting the previous day's low around 0.6263. This level is below the 38.2% retracement of September's trading...
EUR/USD Update: Euro Vulnerable on Rate Cut Bets and Safe Haven Flows
The Euro's attractiveness has decreased recently due to expectations of rate cuts by the European Central Bank (ECB). This is influenced by weaker economic data and comments from policymakers indicating a dovish stance. The...
Understanding the Federal Reserve Interest Rate Cut and Rising Treasury Yields
The Federal Reserve Interest Rate Cut and Rising Treasury Yields: What You Need to KnowAs construction work continues around the Federal Reserve building in Washington, DC, the financial world is abuzz with discussions about...
EURUSD Price Approaches Resistance Level in Forex Trading
EURUSD Price Approaches Resistance Level in Forex TradingThe EURUSD pair experienced a day of volatile price action, with fluctuations that kept traders on their toes. The price moved above and below the 100/200 hour...
EUR/USD Forecast: Mid-Day Analysis and Updates – Action Forex
EUR/USD Forecast: Mid-Day Analysis and Updates - Action ForexThe EUR/USD pair continues to trade with a neutral bias for consolidations below the key resistance level of 1.1213. The intraday bias remains uncertain as the...