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Navigating the complex waves of the financial markets requires an astute understanding of various economic indicators. Among them, the nonfarm payroll report stands out as a pivotal monthly metric that can significantly sway financial markets. This article demystifies the intricacies of this influential report, walking through what to know before trading it. Nonfarm Payroll Definition […]

The post US Nonfarm Payroll Report: Market Insights appeared first on Action Forex.

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08/12/2023

Sunset Market Commentary

Markets The diptych of today’s US payrolls and next Tuesday’s US November CPI are the ultimate input for the Fed policy decision next Wednesday. Even as central bankers in their toolbox switched forward guidance for data dependency, the new projections/dots still will be key when investors make up their mind on the Fed’s intentions in […]
17/12/2023

2024 International Economic Outlook: Weathering the Storm

Summary Key Themes As we head into 2024, we are downbeat on the prospects for global GDP growth. In our view, the global economy is likely to experience a period of below-trend growth in 2024, with the global economy expanding just 2.4%. Growth prospects are to be restrained by a U.S. economy likely to experience […]
22/11/2024

Canada: Retail Sales End the Third Quarter on a Solid Footing

Retail sales rose by a healthy 0.4% month-over-month (m/m) in September, in line with Statistics Canada’s advance estimate. Sales were even stronger in real terms. When adjusted for inflation, the volume of retail sales was 0.8% higher on the month. One weak spot was sales at motor vehicle and parts dealers, which declined by 0.7% […]