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The U.S. economy added 256k jobs in December, well above the consensus forecast calling for a gain of 165k. Payroll figures for October were revised up by 7k (to 43k), while November was revised lower by 15k (to 212k), resulting in a total net revision of -8k over the two prior months. For the year, […]

The post US Payrolls Surge in December and Unemployment Rate Ticks Down to 4.1%  appeared first on Action Forex.

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13/03/2024

GBP/USD Recovers While EUR/GBP Aims More Upsides

GBP/USD is attempting a fresh increase from the 1.2745 zone. EUR/GBP is gaining pace and might extend its rally above the 0.8550 zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a recovery above the 1.2780 zone against the US Dollar.  There was a break above a key bearish trend […]
22/04/2024

Sunset Market Commentary

Markets Eurostat today published deficit and debt data for the years 2020-2023 in E(M)U). The euro area government deficit declined marginally from 3.7% of GDP in 2022 to 3.6% in 2023. The government debt to GDP ratio decreased over the same period from 90.8% to 88.6%. Zooming in on Belgium, Eurostat reported an increase of […]
18/03/2024

Sunset Market Commentary

Markets US Treasuries hold near last week’s sell-off lows in an uneventful trading session awaiting major central bank decisions. US yield currently trade up to 1.5 bps higher across the curve with both the US 2-yr and 10-yr yield testing the YTD highs at 4.74% and at 4.34%. German Bunds face some similar minor selling […]