Logo-color Logo-white

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 […]

The post US: January Delivers a Scorching Hot Employment Report    appeared first on Action Forex.

previous

Technical Outlook and Review

next

The Weekly Bottom Line: Resilient Labor Demand and A Patient Fed

Read More

06/09/2024

ECB Preview – Dialling Back, But Pace Ucertain

On Thursday 12 September, the ECB is widely expected by both analysts and markets to deliver a 25bp rate cut. The moderation in the labour market and economic activity since the June meeting should fuel confidence in the disinflationary process being on track, in particularly given the slowdown in wage growth. We expect Lagarde to […]
02/07/2024

Gold Price Update: XAU/USD Rises as Search for Catalyst Rumbles On

Gold rises as a weaker US Dollar and uncertainty around monetary policy continues. ISM data later today before all attention turns to US jobs data later in the week. Trendline break and price action hint at at a potential rise toward the $2370 resistance handle. Market participants are closely watching for a new catalyst to […]
14/02/2024

US: Progress on the Inflation Front Grinds to a Halt in January 

The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in January, ahead of the consensus forecast calling for a more modest gain of 0.2%. CPI rose 3.1% year-over-year, down from 3.4% in December. Energy prices fell 0.9% m/m, largely driven by a pullback in prices at the pump (-3.3% m/m). Meanwhile, food prices (+0.4%) jumped […]