in Forex / CFD trading is highly likely to depend mostly upon, and not on the exact methods you might use to determine trade entries and exits.
Markets remain dominated by two ongoing debates in the USA – whether the Federal Reserve has really completed its cycle of rate hikes, and yesterday’s final resolution of the debt ceiling crisis as the Senate passed the deal The main issue now is the question of whether the Fed will hike rates by another 25bps at its next meeting in June. It looks increasingly likely that they will not, following last week’s stronger-than-expected US economic data, notably Friday’s NFP data which showed the US economy created more jobs than were expected last month, at 339k when only 193k were expected, following a strong print from JOLTS Job Openings data earlier in the week. On the other hand, the unemployment rate rose to 3.
Another key issue in the Forex market last week was the release of German Preliminary CPI data, which showed a month-on-month decline in inflation of 0.1% when a rise of 0.2% had been expected
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