In terms of consensus estimates, economists anticipate a moderation in job growth, forecasting the addition of 200,000 new jobs in March. This marks a slowdown compared to February's robust 275,000 added positions. The unemployment rate is expected to remain unchanged at 3.9%.
If you are discouraged by trading losses, why not take a proactive step to improve your strategy? Download our guide, "Traits of Successful Traders," and access invaluable insights to assist you in avoiding common trading errors.A surprisingly strong jobs report could signal a resilient economy, leading the U.S. central bank to hold off on plans to ease interest rates imminently. This scenario should be bullish for the U.S.
After briefly touching an all-time high during the overnight session, gold prices retreated on Thursday, stepping back from the $2,305 threshold. Should downward pressure persist, support is scarce until the $2,225, implying the potential for a large retracement in the event of a breakdown before any signs of stabilization appear.
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