GBP/USD Analysis: Weak US Labour Market Data Pushes the Pair Higher

Key Highlights EUR/USD started a fresh increase above the 1.1520 resistance. A contracting triangle is forming with resistance at 1.1600 on the 4-hour chart. GBP/USD could gain pace if it clears the 1.3550 resistance. Gold prices climbed higher above $4,350 and might continue to rise. EUR/USD Technical Analysis The Euro formed a base above 1.1380 […] The post EUR/USD Strengthens Further as Buyers Press Their Advantage appeared first on ActionForex.

The RBA's Tuesday hold is a formality - what matters for AUD/CAD is whether its tightening bias survives, and the setup is asymmetric: preserving it offers limited support, while confirming the cycle has ended could trigger a deeper correction. The post AUD/CAD Risks Deeper Correction if RBA Tightening Bias Doesn’t Survive appeared first on ActionForex.

BoJ’s Summary of Opinions from July 30–31 meeting points to an important shift in policy thinking: debate is moving away from how to lift underlying inflation toward 2% and increasingly toward how to stop it from overshooting. One opinion captured change explicitly, saying focus of monetary policy has shifted from “lifting underlying CPI inflation to […] The post BoJ Opinions: Inflation Mission Changed to Preventing Inflation Overshoot appeared first on ActionForex.

China’s consumer inflation slowed more than expected in July, but underlying breakdown was less uniformly weak than headline suggested. CPI eased from 1.0% to 0.5% y/y, below 0.8% consensus, while monthly CPI improved from -0.3% m/m to -0.1%, still missing expectations for a 0.2% increase. Food prices fell -1.5% y/y, while non-food inflation stood at […] The post China Inflation Misses at 0.5% in July as Goods Prices Weaken, Services Hold Up appeared first on ActionForex.

The Dow Jones Index reached new record highs last week as strong company earnings and continued buying of AI-related stocks lifted market confidence. Reports that the Strait of Hormuz could reopen also helped improve sentiment and pushed oil prices lower. Gold moved sharply higher after U.S. employment data showed employers cut 23,000 jobs in July, […] The post USD/JPY in Focus After U.S.-Japan Intervention appeared first on ActionForex.

Knowing how to trade the Consumer Price Index (CPI), one of the most important measures for inflation, is an essential skill for all types of traders, no matter their level of expertise. The CPI report has the power to shape central bank monetary policies and can send ripples through international markets. This comprehensive guide offers […] The post How to Trade CPI Inflation Data: USDjpy & Gold Trading Strategies appeared first on ActionForex.

July's shockingly weak NFP report flipped September Fed odds toward a hold, but with Brent still above $80 and the Strait of Hormuz crisis unresolved, Treasury yields, the Dollar, and equities all stopped short of a full dovish repricing. The post Weak NFP Flips Fed Bets, but Oil Keeps Markets Trapped in Tug-of-War appeared first on ActionForex.

Canadian manufacturing and wholesale sales data for June next Friday should reveal readings consistent with more real gross domestic product growth in June, capping off a solid Q2. The BoC highlighted two-sided risks to the interest rate in their prior policy meetings – risks of cuts tied to potential downside growth surprises and hike risks […] The post Canada’s Growth Momentum Likely Persisted Near the End of Q2 appeared first on ActionForex.

In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in! 👉 Key topics: ✔️US Inflation Rate The first major event is the US inflation report on 12 August. Markets currently see a […] The post 3 Events in Focus | 10-14 August appeared first on ActionForex.

Investors can return from their summer holidays and take comfort in noting that the collapse of the ceasefire in the Middle East has not derailed global growth. The latest PMIs reflect resilient growth particularly in the US and Asia ex-China, while Europe remains the relative underperformer. Oil prices have risen during periods of escalating warfare, […] The post Weekly Focus – Resilient Economies Despite the Middle East Stalemate appeared first on ActionForex.

US inflation data to guide Fed rate hike expectations. A hawkish BoJ summary of opinions could support the Yen. RBA could still sound hawkish amid sticky inflation. UK GDP and activity figures to shape sterling sentiment. Dollar pulls back amid Hormuz deal hopes The US dollar weakened against most of its major peers this week, […] The post Week Ahead – US CPI Data, BoJ Summary and RBA Decision Take the Stage appeared first on ActionForex.

Nonfarm payrolls declined by 23k in July, well below the Bloomberg consensus forecast calling for a gain of 80k. The prior two months were revised lower by a total of 103k – pushing the three-month average down to 20k (from 77k in June). Government hiring contracted by a sizeable 53k – largely driven by a […] The post US: Payrolls Disappoint in July, But the Unemployment Rate Falls to 4.1%  appeared first on ActionForex.