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Non-farm employment rose by 254k in September, well ahead of the consensus forecast calling for a gain of 150k. Job gains in the two prior months were revised up by 72k. Over the past three months, payroll gains have averaged 186k, only slightly below the 203k averaged over the prior twelve-month period. Private payrolls rose […]

The post US: Payrolls Come in Well Above Expectations, While Unemployment Rate Falls to 4.1%  appeared first on Action Forex.

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15/03/2024

DAX Short Term Should Stay Supported

Short Term Elliott Wave view in DAX suggests cycle from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and pullback in wave ((ii)) ended at 16830.28 as the 30 minutes chart below shows. The Index then rallies higher within in wave ((iii)) with internal […]
04/06/2024

Swiss Franc Climbing, Eyes Swiss Inflation

Swiss franc has extended its gains on Monday. USD/CHF is trading at 0.8961 in the North American session, down 0.68%. Swiss franc rally continues The Swiss franc posted its strong weekly gain of the year last week, rising 1.35%. The Swissie jumped over 1% on Thursday after Swiss National Bank President Jordan hinted that the […]
12/08/2024

Research Japan: Hawkish BoJ Keen on More Hikes

The BoJ has taken up a much more aggressive strategy and we no longer expect them to wait for all the pieces to fall in place before tightening policies further. We expect the BoJ will hike its policy rate to 1% within the coming 12 months. The rate hike on 31 July was pivotal for […]