Baseline: +74k NFP; unemployment rising to 4.3% from 4.2%. July: +73k with -258k net downward revisions; mounting political pressure on the BLS. Labour demand is cooling: Atlanta Fed Job-Switchers wage growth 4.3% y/y; NFIB shows vacancies easier to fill. Implications: tilts toward a 17 Sep Fed cut; risks from upside surprises and data-quality uncertainty. The […]
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Daily Pivots: (S1) 1.6095; (P) 1.6208; (R1) 1.6286; More… Intraday bias in EUR/AUD remains on the downside as down trend continues for 161.8% projection of 1.8554 to 1.7245 from 1.8160 at 1.6042. Firm break there Read more…
Daily Pivots: (S1) 0.8611; (P) 0.8635; (R1) 0.8649; More… EUR/GBP’s fall from 0.8788 is still in progress and intraday bias stays on the downside. Firm break of 0.8611 will resume the whole decline from 0.8863, Read more…