The number of jobs in the United States increased by 136K in September, only slightly worse than the expected 145K. The previous data were revised upwards from 130K to 168K. These are moderately positive economic data that supported the stocks and the dollar in the first minutes after the release.
At the same time, the hourly wages for the last month did not change vs expected 0.3% growth and the year-over-year growth rate slowed from 3.2% to 2.9%. This may be an argument in favour of further Fed rate cuts as potentially ease inflation pressure.
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- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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