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USD/JPY, Gold forecast: Hurricane disruptions may deliver dose of US dollar downside
Surging initial jobless claims should put traders on alert for further temporary softness in US labour market data, especially with the reference week for the October non-farm payrolls report coinciding with a period of extreme weather around the Gulf of Mexico. Even though disruptions caused by hurricane season should be factored in, with the Fed ramming home the message that the outlook for rates is likely to be determined by the jobs market, the prospect of weak data suggests we may see a pullback in US bond yields and the dollar next week. If correct, it will have ramifications for USD/JPY and gold which have ... (full story)
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- Posted: Oct 10, 2024 8:22pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 4,965
