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U.S. Labor Data Beats Forecasts, Unemployment Rate Falls Again

Statue of liberty

(eToro Blog)The U.S. Bureau of Labor Statistics reported earlier that January’s non-farms payroll data showed the creation of 243,000 new jobs. Analysts polled ahead of the release were forecasting an increase of only 150,000 new jobs. December’s data was revised to 203,000 new jobs. Notably, the unemployment rate fell again, this time to 8.3%, even [...]

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OpenBook Traders Jockey for Position as NFP Looms

NYC taxi (Small)

(eToro Blog) The U.S. government will later today release data for January’s non-farms payroll sector. The ADP report released on Wednesday showed that 170,000 new jobs were created against expectations of 185,000 and a marked decline from 325,000 in December. Given that, analysts are expecting that the Bureau of Labor’s official data will show an [...]

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Improved Global PMI’s Broadly Lift Currencies, Gold

Euro sighn in front of European Central Bank in Frankfurt/Main in Germany

(eToro Blog) The Euro’s resilience and tenacity is bit of a marvel to some analysts, and certainly quite a few traders. OpenBook guru pyruss is one trader who can clearly benefit from the currency’s volatility, given the dozens of open positions on either side of the EUR/USD pair. It’s a certainty that at some time [...]

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