Job Growth Underscores Economy’s Vigor; Unemployment at Half-Century Low
The unemployment rate fell to its lowest level in half a century last month, capping the longest streak of job creation in modern times and dispelling recession fears that haunted Wall Street at the start of the year. Read more @ https://www.nytimes.com/2019/05/03/business/economy/jobs-report-april.html?partner=rss&emc=rss
The market reacted mixed as the monthly earnings and manufacturing data were not convincing. The USD took a turn back before the market closes.
Fed Officials Diverge on Need for Possible Interest-Rate Cut- Stubborn Inflation may push FED to cut interest rate…
Two Federal Reserve officials laid out the case for a possible interest-rate cut just days after Chairman Jerome Powell said there was no reason to move in either direction. Two other U.S. central bankers sounded more comfortable with the current policy stance. St. Louis Federal Reserve Bank President James Bullard and Chicago Fed President Charles Evans, both policy voters this year, expressed caution Friday over weak prices and said the central bank may have to act to lift inflation out of a persistently low trend. Read More @ https://www.bloomberg.com//news/articles/2019-05-03/fed-voters-split-with-powell-over-case-for-a-possible-rate-cut?srnd=markets-vp
What are we focusing this coming week? EUR & CAD pairs – BELOW we have drawn our trading plan and how we will engage the pairs.
What will be your take on the USD as it ended neutral at the end of week. Here is the summary of what really happened last week.
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