US ADP private employment grew 184k in March, above expectation of 150k. By sector, goods-producing jobs increased 42k while service-providing jobs increased 142k. By establishment size, small companies added 16k jobs, medium companies added 93k, large companies added 87k. For job-stayers, year-over-year pay gains was unchanged at 5.1%. Annual pay growth for job changes accelerated […]
The post US ADP jobs rises 184k, pay growth heating up appeared first on Action Forex.
I view the probabilities of downside and upside risks to inflation as broadly balanced. But at this point I am more worried about the possible consequences if the upside materialised, as this could require a Read more…
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB). Recent Read more…
Gold switches to loses before reaching all-time high A consolidation phase likely in the short-term Gold felt Monday’s blues, retreating immediately toward its 20-day simple moving average (SMA) at 2,670 after five consecutive winning days. Read more…