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Markets Friday’s March payrolls were strong across the board. Employment topped all estimates by growing 303k, wage growth was solid and the unemployment rate eased back to 3.8% despite an uptick in the participation rate. The first Fed governors commenting after the release erred to the hawkish side. Dallas president Logan said there’s no urgency […]

The post US Money Markets Increasingly Push a First Cut by Fed Further into Time appeared first on Action Forex.

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09/08/2024

Canadian Dollar Rallies, Jobs Report Looms

The Canadian dollar has shined this week, posting gains over the past four days and rising 1%. Will the impressive rally continue? In the North American session, USD/CAD is trading at 1.3732, unchanged on the day. Canadian job growth expected to rebound Canada wraps up the week with the July employment report. The June report […]
29/03/2024

Gold’s Price Reaches New Heights Amid Global Market Uncertainty

On Friday, the price of gold reached an unprecedented peak, soaring above 2,230 USD. The global capital market experienced low activity due to the observance of Good Friday in many Catholic countries, leading to abrupt movements by investors. The surge in gold prices is primarily attributed to anticipations that global financial regulators will lower lending […]
22/07/2024

July Flashlight for the FOMC Blackout Period

Summary Congress has given the Federal Reserve a dual mandate of “maximum employment” and “price stability.” With inflation surging to a 40-year high in 2022, the FOMC largely has focused on its “price stability” mandate in recent years. However, inflation is showing signs of moving back toward the FOMC’s target of 2% on a sustained […]