With the US economy teetering on the edge of recession, all eyes will be on the latest employment data at 12:30 GMT Friday. Another solid jobs report is expected, yet various indicators suggest the labor market has started to lose steam. While a disappointment could extend the latest retreat in the dollar as markets price […]
The post Dollar Awaits Nonfarm Payrolls as Recession Worries Mount appeared first on Action Forex.
The stock market wasn’t supposed to open 2025 with a thud. That, at least, was the conventional wisdom. The big rally that erupted after the election of Donald Trump in November was supposed to continue Read more…
EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume Read more…
USD/JPY edged higher last week but upside momentum diminished, as seen in 4H MACD, as it approached 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Initial bias is turned neutral this week first. Read more…