The September non-farm payroll report is in sharp focus today, as it plays a critical role in shaping expectations for Fed’s upcoming monetary policy decisions. Currently, markets are pricing in 33% probability of a 50bps rate cut in November, with 67% chance of a 25bps cut. These odds have shifted notably from a week ago, […]
The post NFP to back 25bps Fed rate cut in Nov? appeared first on Action Forex.
Markets This week’s US data was supposed to be key input for markets to make up their mind on the amount of Fed easing in November. Data released earlier this week (JOLTS, ISMs, jobless claims, Read more…
Daily Pivots: (S1) 191.60; (P) 193.39; (R1) 194.65; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside, above 195.95 will resume the rise from 180.00 to 61.8% retracement of 208.09 to Read more…
Daily Pivots: (S1) 161.48; (P) 161.98; (R1) 162.60; More…. Intraday bias is EUR/JPY stays neutral at this point. On the upside, break of 163.47 will resume the rise from 155.14 to 61.8% retracement of 175.41 Read more…