The August US non-farm payroll report has been interpreted as largely dovish by the markets. Job growth showed clear signs of slowing, but the slight decrease in the unemployment rate has helped ease immediate recession fears. As a result, market expectations for a 50 bps rate cut by Fed this month have now risen above […]
The post NFP Viewed as Dovish but Not Disastrous, Dollar Declines appeared first on Action Forex.
Latest Political News President-elect Donald Trump has begun shaping his administration, starting with a White House meeting with outgoing President Joe Biden, symbolising the peaceful transfer of power. His cabinet picks have sparked debate, including Read more…
Next week, more countries will release their estimates for October consumer inflation. Canada will do so on Tuesday. The pace of price increases here is below the 2% target, allowing the Bank of Canada to Read more…
Gold has been under consistent selling pressure since the end of October, as investors take profits following a prolonged rally. This week alone, gold prices have fallen nearly 5%, marking the steepest weekly decline in Read more…