According to analysts at TD Securities, US June employment report was mixed but not as bad as the knee-jerk market reaction might suggest, with another solid payroll print, a higher unemployment rate as workers flooded back into the labor force, and modest wage growth that held steady at 2.7%. Key Quotes “Nothing in today’s report should change the Fed’s policy outlook: the June FOMC minutes highlighted an expectation that the labor market may be able to tighten further via higher participation as wage growth slowly improves, allowing the Fed to remain on a continued, gradual pace of rate hikes.” “We think markets may take this opportunity to dial back on USD longs.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US stocks trade mixed, trade tensions continue to weigh FX Street 3 years According to analysts at TD Securities, US June employment report was mixed but not as bad as the knee-jerk market reaction might suggest, with another solid payroll print, a higher unemployment rate as workers flooded back into the labor force, and modest wage growth that held steady at 2.7%. Key Quotes "Nothing in today's report should change the Fed's policy outlook: the June FOMC minutes highlighted an expectation that the labor market may be able to tighten further via higher participation as wage growth slowly improves, allowing the Fed to remain on a continued, gradual pace of rate hikes." "We… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
