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Forex Week Ahead Analysis: 11th March

From blueberrymarkets.com

{video} Last week’s unexpected surge in job numbers in the US, surpassing estimates by a significant margin of 275k, initially suggested strength in the economy. However, this positive outlook was dimmed by a concerning drop in Average Hourly Earnings from 0.5% to 0.1%. Furthermore, the revision of January’s numbers from 353k to 229k compounded the weakness in the USD. As we step into the new week, all eyes remain on the US as more data is set to be released. One of the significant indicators to watch is the Consumer Price Index (CPI) month-on-month (m/m) figure. Forecasts anticipate a rise to 0.4% from the previous ... (full story)

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  • Category: Technical Analysis