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The U.S. economy added 139k jobs in May, slightly above the consensus forecast of 125k. But revisions for the prior two months subtracted a meaningful 95k jobs. Smoothing through the volatility, non-farm payrolls averaged 135k over the last three-months, only a touch lower than the 144k averaged over the twelve-month period. Private payrolls rose 140k […]

The post US: Payrolls Rise 139k in May, Unemployment Rate Holds at 4.2% appeared first on Action Forex.

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XAU/USD: Gold in Quiet Mode Ahead of Key US Labor Data

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Week Ahead – US CPI to Take Centre Stage as Fed Rate Cut Bets Gather Pace

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19/11/2024

Gold Wave Analysis

Gold reversed from key support level 2550.00 Likely to rise to resistance level 2650.00 Gold recently reversed up from the support zone located between the key support level 2550.00 (which also reversed the price in the middle of September), standing close to the lower daily Bollinger Band and the 50% Fibonacci correction of the upward […]
29/01/2025

Bank of Canada Slows Pace of Rate Cuts, Highlights Downside Risks from Trade Tariffs

The Bank of Canada (BoC) slowed down the pace of rate cuts, with a 25 basis point move today, bringing the policy rate to 3.0%. It also stated that it will end Quantitative Tightening (QT) and restart asset purchases in March – This isn’t a stimulative policy but rather helps match liquidity with the size […]
11/12/2024

US: Headline Inflation Ticks Higher in November, While Core Holds Steady  

The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in November, after rising 0.2% m/m in each of the previous four months. On a twelve-month basis, CPI ticked up to 2.7% (from 2.6% in October). Energy prices rose 0.2% m/m, led by an uptick in prices at the pump (+0.6% m/m), while food prices rose […]