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Non-farm payrolls in the U.S. increased by 114,000 in July, significantly missing the market expectation of 176,000 and falling short of the previous month’s figure. Additionally, the unemployment rate rose to 4.3%, surpassing both the expected and previous month’s rate of 4.1%. This indicates a noticeable cooling in the job market and raises concerns about a potential economic recession.
Some analysts suggest that the Federal Reserve has already missed the timing for a rate cut, with a 50 basis point cut expected in September. Citi Bank predicts that the Federal Reserve will lower interest rates by 1.25% this year.
Meanwhile, Hamas' top leader Haniyeh has pointed to Israel as being behind the attack in Tehran, Iran's capital, and has declared military retaliation.
- The Reserve Bank of Australia’s interest rate decision will be announced on August 6.
- Germany’s July Consumer Price Index will be released on August 9.
- The U.S. Producer Price Index for July will be released on August 13.
- The UK’s July Consumer Price Index and the U.S. July Consumer Price Index will be released on August 14.
EUR/USD faced resistance at its peak and experienced a pullback but successfully rebounded and is attempting to break through the peak resistance again. Until it breaks through the peak resistance, it is expected to follow the current trend, with resistance around the 1.09500 level potentially leading to a pullback to the 1.07000 level. However, if it breaks through the peak at the 1.10000 level, it could enter a short-term upward trend, opening up the potential for a rise to the 1.13000 level.
If the peak resistance is broken, we will quickly adjust our strategy to a bullish view.
Please share your personal opinions in the comments. Please like and subscribe.
Non-farm payrolls in the U.S. increased by 114,000 in July, significantly missing the market expectation of 176,000 and falling short of the previous month’s figure. Additionally, the unemployment rate rose to 4.3%, surpassing both the expected and previous month’s rate of 4.1%. This indicates a noticeable cooling in the job market and raises concerns about a potential economic recession.
Some analysts suggest that the Federal Reserve has already missed the timing for a rate cut, with a 50 basis point cut expected in September. Citi Bank predicts that the Federal Reserve will lower interest rates by 1.25% this year.
Meanwhile, Hamas' top leader Haniyeh has pointed to Israel as being behind the attack in Tehran, Iran's capital, and has declared military retaliation.
- The Reserve Bank of Australia’s interest rate decision will be announced on August 6.
- Germany’s July Consumer Price Index will be released on August 9.
- The U.S. Producer Price Index for July will be released on August 13.
- The UK’s July Consumer Price Index and the U.S. July Consumer Price Index will be released on August 14.
EUR/USD faced resistance at its peak and experienced a pullback but successfully rebounded and is attempting to break through the peak resistance again. Until it breaks through the peak resistance, it is expected to follow the current trend, with resistance around the 1.09500 level potentially leading to a pullback to the 1.07000 level. However, if it breaks through the peak at the 1.10000 level, it could enter a short-term upward trend, opening up the potential for a rise to the 1.13000 level.
If the peak resistance is broken, we will quickly adjust our strategy to a bullish view.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.