Wages are stuck at 2.5% y/y. If the Fed is truly data-dependent, this data should hold them back from raising rates. And not only the wages are poor, also job gains slowed down: only 138K jobs gained and a significant downwards revision worth a whopping 66K. If they do hike, they are basically trapped in [...]
The post Is the Fed really going raise rates after this disaster NFP? appeared first on Forex Crunch.
EUR/UDS reaches a new cycle high of 1.1269, breaking the previous high of 1.1266. Further resistance awaits at 1.13, followed by 1.1360 and 1.1420. It is all due to the terrible US jobs report more coming
The post EUR/USD at new 7 month highs after the terrible NFP appeared first on Forex Crunch.
A disappointing US jobs report on all front: only 138K jobs gained and wages are up 0.2% as expected but with a downwards revision. The US is falling sharply. The US was expected to report a gain of 286K jobs in May, with a stable unemployment rate of 4.4% and most importantly, wage growth of 0.2% [...]
The post Non-Farm Payrolls only 138K, wages 0.2% – USD falls appeared first on Forex Crunch.
Markit’s purchasing managers’ index for the construction sector was expected to show a small slide to 52.7 in May after 53.1 back in April. This is the second PMI after yesterday’s manufacturing one that came out at 56.7, within expectations. GBP/USD was trading around 1.2860 ahead of the publication. Resistance awaits at 1.29, followed by 1.2980 and [...]
The post UK Construction PMI beats with 56 – GBP focused on the elections appeared first on Forex Crunch.
