Shaped four consecutive weeks of positive higher closes since 27 Oct 2023 low of 32,310. Potential start of a major uptrend phase with next major resistance at 39,515. Watch 35,175 key short-term support to maintain minor uptrend phase from 10 November 2023 low. The price actions of the US Wall St 30 Index (proxy of […]
Non-farm employment rose a meager 12k in October, well below the consensus forecast calling for a gain of 100k. Job gains over the two prior months were revised lower by 112k. The Bureau of Labor Statistics noted that Hurricane’s Helene and Milton “likely” affected estimates in some industries, though did not provide any point estimates. […]
The post US: Payrolls Disappoint in October, But Unemployment Rate Holds Steady at 4.1% appeared first on Action Forex.
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