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Key insights from the week that was. In Australia, Q1 GDP confirmed that the economy started the year on a weak footing, rising just 0.2% to be up 1.3% over the year. Compositionally, the roll-off of energy rebates saw a portion of spending re-allocated from governments to households; but overall, the pulse in the domestic […]
The post Cliff Notes: Responsive Policy appeared first on Action Forex.
The U.S. economy added 139k jobs in May, slightly above the consensus forecast of 125k. But revisions for the prior two months subtracted a meaningful 95k jobs. Smoothing through the volatility, non-farm payrolls averaged 135k over the last three-months, only a touch lower than the 144k averaged over the twelve-month period. Private payrolls rose 140k […]
The post US: Payrolls Rise 139k in May, Unemployment Rate Holds at 4.2% appeared first on Action Forex.
Daily Pivots: (S1) 0.8174; (P) 0.8195; (R1) 0.8217; More…. No change in USD/CHF’s outlook and intraday bias stays neutral. Fall from 0.8475 could extend lower, and break of 0.8156 will target 0.8038 low. But strong support should be seen from there to bring rebound, at least on first attempt. On the upside, break of 0.8346 […]
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