Tag: Action Forex
Canadian Jobs Data Impact by Hiring Demand and U.S. Fed Cuts – Action Forex
The Canadian job market is expected to show signs of continued weakness in the upcoming employment report for October. While there may be an increase of around 15,000 jobs, this growth is not expected...
US Manufacturing PMI Drops to 46.5, Prices Surge – Action Forex
The US manufacturing sector experienced a decline in October, with the ISM Manufacturing PMI dropping from 47.2 to 46.5. This was below the expected 47.6 and marked the lowest level since July 2023. It...
WTI Crude Oil Price Analysis: Bearish Gap Recovery – Action Forex
WTI crude oil prices have shown a positive recovery after a bearish gap, reaching a critical level near the downtrend line at around 71.00. This increase of over 6% in the past few days...
Sterling Falls as Market Uncertainty Surrounds Reeves’ Budget – Action Forex
Sterling experienced a significant drop overnight following the announcement of Chancellor Rachel Reeves' new budget. The currency's decline was accompanied by a decrease in 10-year government bond prices and the FTSE. Critics of the...
Gold and Dollar: Safe-Haven Retreats – A Comprehensive Analysis
The dollar index recently saw a correction following four weeks of consecutive gains. This is a common occurrence when national currencies and bond markets face pressure ahead of important elections. While the dollar is...
Sunset Market Analysis: Actionable Insights for Forex Traders
Sunset Market Analysis: Understanding Forex Trading Trends In the ever-changing world of trading, central banks play a crucial role in determining market trends. With a strong focus on data, each economic figure has the potential...
Global Economic News: Alphabet Beats, UK Budget, US Jobs, Eurozone CPI – Action Forex
Big Tech investors were pleased on Tuesday as Alphabet, Google's parent company, reported better-than-expected results. The company saw a 15% increase in revenue compared to the same time last year, with ad revenue surpassing...
Eco Data Report 10/30/24 – Forex Market Analysis
In the latest Eco Data Report, several key events and their corresponding data were analyzed in the Forex Market. Let's take a closer look at the numbers: Australian Dollar (AUD): - Monthly CPI Y/Y Sep: Actual...
Eco Data Analysis for October 29, 2024 – Action Forex
The Eco Data Analysis for October 29, 2024, provided insights into various economic indicators across different countries. Here is a breakdown of the data: - Japan's Unemployment Rate for September remained steady at 2.50%. - Germany's...
Navigating the FOMC Blackout: November Flashlight Analysis – Action Forex
The Federal Open Market Committee (FOMC) recently initiated an easing cycle by reducing the fed funds target range by 50 bps to 4.75%-5.00% at its last meeting in September. However, it appears that further...
