UK payrolled employees dropped -0.5% mom, or -136k in April, comparing with March. That is the first decline in total payrolled employees since the COVID pandemic. Comparing with April 2022, payrolled employees rose 1.0% yoy or 297k. Claimant counts rose 46.7k, above expectation of 31.2k. Median monthly pay rose 7.4% yoy. In the three months […]
The post UK payrolled employees dropped -136k in Apr, unemployment rate rose to 3.9% in Mar appeared first on Action Forex.
EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume Read more…
USD/JPY edged higher last week but upside momentum diminished, as seen in 4H MACD, as it approached 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Initial bias is turned neutral this week first. Read more…
GBP/USD’s downside acceleration last week and break of 1.2256 fibonacci level suggest larger bearish trend reversal. Initial bias stays on the downside this week. Next near term target is 100% projection of 1.3433 to 1.2486 Read more…