US hiring has been showing consistently firm labor demand, and economists are predicting that trend to continue for the month of March, albeit at a more moderate pace after the impressive 311,000 jobs that were added in February. While US employment growth has exceeded expectations for 11 straight months, wage growth is expected to slow down, and this might come as good news for the Federal Reserve officials in their battle against inflation. Economists are projecting a climb in non-farm payrolls by nearly 200K, solidifying the trend for robust employment figures
Market projections in fx markets
EURUSD sellers preference. Sell at 1.0920 to TP 1.0910 and 1.090. Then below 1.09 sellers again to 1.0880. High testing levels 1.0970 and 1.0960. Buy preference at 1.0970 to TP 1.0980 and 1.0990. Below highs no buy active
GBPUSD sellers preference. Sell at 1.2450 to TP 1.2430. Then sell again at 1.2420 to TP 1.2410. Buy preference at 1.2520 to TP 1.2530. Attention to highs. Every buy should be canceled below 1.25
USDCAD buyers preference above 1.3450 to 1.3470 and 1.3480. Above 1.3480 to 1.35 and 1.3520. Ideally no sellers above lows of 1.34 levels
XAGUSD XAUUSD below highs ideally waiting on sellers. XAUUSD below 2020. sellers 2010. XAGUSD sellers below 24.70 to 24.50. Below 24.50 sellers to 24.30
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