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Non-farm employment rose by 275k in February, well ahead of the consensus forecast calling for a smaller gain of 200k. However, revisions to the two-prior months were meaningfully lower, subtracting 167k jobs from the previously reported figures. Hiring over the last three-months (December-February) averaged 265k jobs per-month, only slightly lower than the pace of job […]

The post US: Job Growth Remained Strong in February, But Unemployment Rate Rises to Two-Year High     appeared first on Action Forex.

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08/08/2024

Does Recent EURJPY Correction Have Legs?

EURJPY is hovering around the 159.64 level It is trading around 9% lower from its recent high Momentum indicators are mixed, all eyes on stochastics EURJPY is trading lower today, close to the 159.64 level and considerably above the August 5 low of 154.38. The market is clearly trying to find its footing following the […]
17/05/2024

Euro Edges Lower Despite Positive Inflation Report

The euro has posted slight losses on Friday. EUR/USD is down 0.28%, trading at 1.0837 in the North American session at the time of writing. Eurozone CPI steady, core CPI falls The April inflation report showed that headline inflation remained steady at 2.4% y/y, holding at its lowest level in almost three years. Services inflation […]
02/07/2024

USD/JPY Rises Up After GDP Downgrade

The Japanese yen has dropped below the 161 line on Monday. The yen is trading at 161.39 early in the North American session, down 0.35% on the day. Japan’s GDP revised sharply lower Japan revised its first-quarter GDP report to -2.9%, y/y, sharply lower than the initial reading of -1.8%. On a quarterly basis, GDP […]