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The U.S. economy added 151k jobs in February, only a touch below the consensus forecast of 160k. Payroll figures for December 2024 were revised higher by 16k (to 323k), while January was revised lower by 18k (to 125k), resulting in a total net revision of -2k over the two prior months. Private payrolls rose 140k […]

The post US: Payroll Growth Turns Higher in February, While Unemployment Rate Ticks Up to a Still Low 4.1% appeared first on Action Forex.

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05/04/2024

EURUSD Trims Earlier Gains as Clock Ticks Down to NFP

EURUSD pulls back from two-week high Technical bias is not bearish yet EURUSD gave up some ground on Thursday after a sharp rally from a one-and-a-half-month low of 1.0723 to a two-week high of 1.0875. The US nonfarm payrolls report is on the agenda today and investors will look at whether jobs growth slowed down to 212k and wage […]
03/07/2024

GBP/USD Outlook: Lifted Further by Better Than Expected UK PMI Data

Cable advances for the second consecutive day, underpinned by better than expected UK services PMI (dominant sector of the economy) released earlier today. Fresh bulls cracked psychological 1.2700 barrier and nearby pivotal Fibo resistance at 1.2707 (38.2% of 1.2860/1.2612 bear-leg) with bounce from 1.2612 higher base being underpinned by rising and thickening daily Ichimoku cloud. […]
14/01/2025

EURCHF Price Action Breakdown

The USDCHF pair trades around 0.9170, marking its fifth day of gains during Monday’s early European session. A stronger US Dollar is supported by better-than-expected US job data for December, which has eased worries about further interest rate cuts from the Federal Reserve. Markets are now waiting for the US Producer Price Index (PPI) report, […]