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Non-farm payroll employment jumped by 216k in December, comfortably ahead of expectations calling for a gain of 175k. However, that strength is tempered by downward revisions to October and November of 45k and 26k, respectively. Hiring over the last three-months averaged 165k jobs per-month, down from the 180k averaged between September-November and below the 225k […]

The post US: Job Growth Picks Up to End 2023, But Unemployment Rate Unchanged   appeared first on Action Forex.

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20/12/2023

USDCAD Wave Analysis

USDCAD broke support level 1.3410 Likely to fall to support level 1.3300 USDCAD currency pair under the bearish pressure after the pair broke the support level 1.3410 (low of wave B of the previous ABC correction (2) from the middle of July). The breakout of the support level 1.3410 accelerated the active short-term impulse wave […]
15/04/2024

USDCAD Wave Analysis

USDCAD broke key resistance level 1.3625 Likely to rise to resistance level 1.3860 USDCAD rising strongly after the earlier breakout of the key resistance level 1.3625 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the downward ABC correction (2) from November. The breakout of the resistance level 1.3625 […]
13/04/2024

Weekly Economic & Financial Commentary: No, No, After You

Summary United States: Are We There Yet? The March consumer price data dominated the economic discussion this week and are the latest to support that the timing and degree of Fed easing will be later and smaller than many of us previously expected. We’re not yet there. We now expect the FOMC won’t begin to […]