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The Japanese yen showed a bit of strength earlier but has pared these gains. In the European session, USD/JPY is trading at 15141, up 0.04% All eyes on US nonfarm payrolls The markets are bracing for a sharp drop in US nonfarm payrolls for March. Job growth hit 353,000 in January but then fell to […]

The post Japanese Yen Jumpy Ahead of US Payrolls appeared first on Action Forex.

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US: Payrolls Surprise to the Upside (Again), Unemployment Rate Ticks Down to 3.8% 

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03/02/2024

US: January Delivers a Scorching Hot Employment Report   

Non-farm payrolls rose by 353k in January, well ahead of the consensus forecast calling for a smaller gain of 185k. This morning’s report also included annual benchmark revisions as well as revised seasonal factors. The revisions showed a slightly weaker rate of job growth over 2022 and early-2023. The total level of nonfarm employment for […]
13/03/2024

US Inflation in No Hurry to Slow, But Markets Don’t Care

US consumer inflation beat expectations for the fourth month in a row. The CPI rose 0.4% m/m. The monthly growth rate has been rising since October. The year-over-year rate climbed to 3.2%, a bit above forecasted 3.1%. Core CPI rose 0.4% m/m for the second month. The annual growth rate slowed to 3.8%, which formally […]
22/07/2024

WTI Oil Outlook: Bears Taking a Breather After 4.3% Weekly Drop

WTI oil price is holding within a narrow consolidation in early Monday, following sharp acceleration lower on Friday (down 2.8% for the day) and weekly loss of 4.3% (the biggest weekly drop since the last week of April. Oil closed below $80 on Friday, for the first time in five weeks, with near-term action being […]