The Euro has dropped more than 40 pips to hit a fresh three-week low below 1.0750 as the US Nonfarm Payrolls report has cooled hopes of Fed rate cuts in early 2024.
Blogs
United States Average Hourly Earnings (MoM) above expectations (0.3%) in November: Actual (0.4%)
United States Average Hourly Earnings (MoM) above expectations (0.3%) in November: Actual (0.4%)
United States Average Weekly Hours above expectations (34.3) in November: Actual (34.4)
United States Average Weekly Hours above expectations (34.3) in November: Actual (34.4)
United States Nonfarm Payrolls came in at 199K, above forecasts (180K) in November
United States Nonfarm Payrolls came in at 199K, above forecasts (180K) in November
United States Labor Force Participation Rate increased to 62.8% in November from previous 62.7%
United States Labor Force Participation Rate increased to 62.8% in November from previous 62.7%
United States Average Hourly Earnings (YoY) in line with expectations (4%) in November
United States Average Hourly Earnings (YoY) in line with expectations (4%) in November
United States Unemployment Rate came in at 3.7% below forecasts (3.9%) in November
United States Unemployment Rate came in at 3.7% below forecasts (3.9%) in November
Canada Capacity Utilization came in at 79.7% below forecasts (81%) in 3Q
Canada Capacity Utilization came in at 79.7% below forecasts (81%) in 3Q
Bank of England Preview – We Still Favour the Topside in EUR/GBP
<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2021/06/f-boe28.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/
ECB Preview: From How High to How Long
<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-ecb18.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p> <p>At next week’s policy meeting we expect the ECB