Menu

  • US jobs report: Unemployment rise may mean recession, rule says, but likely not this time

    From usatoday.com

    The economy seems to be on solid footing, with the nation’s gross domestic product and employment both notching healthy gains recently. Yet if Friday’s jobs report reveals that the unemployment rate last month inched up from 4.1% to 4.2% - still a historically low figure - the U.S., by one measure, will be in the early stages of a recession. Stay calm. Most economists say the measure - called the Sahm rule – probably doesn’t apply this time because of the unprecedented ways the pandemic upended the economy and labor market. Still, a 4.2% jobless rate in Friday’s report could roil stocks and signal further ... (full story)

  • #1
  • Quote
  • Aug 2, 2024 7:21am Aug 2, 2024 7:21am
Fear of FED rate cute growing euro. Probably EURUSD could touch 1.11640 and breakout the one year high again.
  • #2
  • Quote
  • Aug 2, 2024 8:26am Aug 2, 2024 8:26am
People pay too much attention to the past when trying to predict the future. The tide gas turned imho and just a matter of how shallow the water gets.
  • #3
  • Quote
  • Aug 2, 2024 9:00am Aug 2, 2024 9:00am
I think the journey begin on EURUSD to word 1.11640.
  • #4
  • Quote
  • Aug 2, 2024 10:25am Aug 2, 2024 10:25am
Quoting Mahapatra
I think the journey begin on EURUSD to word 1.11640.
Double Top up that price level and there's a butterfly harmonic price structure possibly playing out to that level too

I'm just watching for now and if it become clear that's the case, will catch up with the bull trend
THT
  • New Comment
  •  Trader#9223
  • | Status: Unregistered Trader
Create Account
  • Story Stats

  • Related Stories