Australian dollar fell almost 1% against its US counterpart during Asian / early European session on Thursday, deflated by disappointing labor data. Australian unemployment jumped unexpectedly in June, hitting the highest in 3 ½ years, while employment rose marginally, contributing to negative picture. Weak labor data boost expectations for more rate cuts, although the policymakers […]
The post Australian Dollar Came Under Increased Pressure from Weak Labor Data appeared first on Action Forex.
Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. Read more…
Gold resumed its near-term slide as tensions in the Strait of Hormuz escalated sharply, after Iran struck multiple vessels and set a UAE oil port ablaze. The developments triggered a fresh surge in oil prices Read more…
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