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Summary United States: Jobs Up, Rate Cut Expectations Down Nonfarm payrolls blew past expectations in September, rising 254K. Upward revisions to the prior two months’ data sweetened the headline gain and bucked the trend decline in hiring, while the unemployment rate unexpectedly ticked down a tenth to 4.1%. The solid jobs report tamped down expectations […]

The post Weekly Economic & Financial Commentary: The Outlook for Longer-Term Interest Rates appeared first on Action Forex.

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03/05/2024

US: Job Gains Lose Some Momentum in April, Unemployment Rate Ticks Up to 3.9% 

Non-farm employment rose by 175k in April, below the consensus forecast of 240k. Job gains in the two prior months were also revised lower by a combined 22k. Private payrolls rose 167k, with most of the gains concentrated in health care & social assistance (87k), transportation & warehousing (21.8k) and retail trade (20.1k). Meanwhile, information […]
12/12/2023

Economic Sentiment in Germany Is Improving but Slowly

Fresh business sentiment assessments from ZEW saw the sentiment index rise from 9.8 to 12.8, a positive surprise for analysts who had anticipated a slight decline to 9.6. The current optimism level is the highest since March this year but below the long-term average of 20.8. Some signs of a reversal can be found in […]
18/12/2023

Gold Retraces Lower after Hitting Crucial Ascending Trendline

Gold manages to halt the pullback from its recent record high But rebound meets strong resistance at important ascending trendline Momentum indicators suggest that positive momentum is fading Gold had been in a steep uptrend since November 10, recording a fresh all-time high of 2,144 before experiencing a solid correction. Although the bulls attempted to erase this […]