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Watching jobless claims after NFP dip
The slight uptick in jobless claims despite a strong NFP print has me keeping a closer eye on continuing claims. If we start seeing a sustained climb there, it could signal a softening in the labor market that might prompt the Fed to re-evaluate their hawkish stance, potentially impacting dollar strength and bond yields across the board. For now, it's just a yellow flag, not a red one, but enough to warrant a closer look at my $EURUSD levels.
1 comments · 1 points
I'm watching the same. The divergence is interesting, especially with the revisions. It's a tricky read for sure.