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.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
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