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Non-farm employment surged by 272k in May, well ahead of the consensus forecast calling for a more moderate gain of 185k. Job gains in the two prior months were revised slightly lower, subtracting a combined 15k from the previously reported figures. Private payrolls rose 229k, with most of the gains concentrated in health care & […]

The post US: Payrolls Surge in May, While Unemployment Rate Ticks Up to 28-month High of 4.0%  appeared first on Action Forex.

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The Weekly Bottom Line: Labor Market Resilience Highlights Global Policy Rate Divergence

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04/01/2024

EUR/USD Price Analysis: Attempts to Retrace its Recent Losses, Trades Near 1.0920

EUR/USD treads water near 1.0920 to retrace its recent losses. Traders may wait for confirmation as MACD indicates a potential shift to a downward trend for the pair. A break below 1.0900 could lead the pair to approach the 50-day EMA at 1.0878 and 38.2% Fibonacci retracement at 1.0867. EUR/USD attempts to retrace its recent […]
13/04/2024

The Weekly Bottom Line: One Hundred Days into 2024, Rate Cuts Remain on the Horizon

U.S. Highlights Inflation, as measured by the Consumer Price Index, accelerated to 3.5% year-on-year in March – the highest reading in six months. Minutes from the Federal Reserve meeting in March showed that officials remained in favor of exercising patience amid persistent inflationary pressures. U.S. Treasury yields spiked roughly 15 basis-points as market expectations for […]
26/04/2024

Worst of Both Worlds: Are the Risks of Stagflation Elevated? Part II

Part II: A Brief Review of Past Episodes of Stagflation Summary In the first installment of this series, we presented a simple framework to characterize stagflation and identified 13 instances in the United States since 1950. Episodes vary in severity, but each posed unique challenges to monetary policymakers. In this second report, we briefly review […]