Forex Newsletter:UK Unemployment Rate Rises to 4.3% Amidst Stable Earnings

Dollar Index

(Yesterday we recommend Sell Below 104.80

1st target Achieve 104.50 )

Sell Around 104.90

Downside Targets Looks 104.50-104.00

Stop loss Above 105.40


Buy Above $2350
Upside Target Looks  $2370– $2390
Stop-loss Below $2335


(Yesterday we recommend Buy Above $28.20

1st Target Almost acheive $28.60)

Buy Above $28.51

Upside Target Looks $29.00–$29.50
Stop-loss Below $28.20


Buy Around $4.7575

Upside Targets Look $4.80-$4.85

Stop Loss Below $4.6920


Crude Oil is Trading Around $78.85

Sell Below $78.70
Downside Target $78.00- $77.00

Stop-loss Above $80.80


Buy Around 18200

Upside Target Looks 18400 –18600

Stop-loss Below -18000

S&P 500 E-Mini 

Buy Above 5230

Stoploss Below 5200
Upside Target Looks 5260-5300


Sell Below 0.5445 Stop Loss Above –0.5475 Target-0.5410

Recent data from the Office for National Statistics (ONS) reveals that the UK’s unemployment rate increased to 4.3% in March, up from 4.2% in the previous quarter. This rise reflects the impact of tightening monetary conditions on the real economy. Despite this, earnings in the UK have remained robust, with wages including bonuses holding steady at 5.7% and wages excluding bonuses remaining at 6%. The slowdown in earnings growth seems to be stabilizing, indicating persistent wage pressures.

The Bank of England (BoE) has indicated that it is less focused on wage dynamics in its recent meetings, suggesting that wage trends are exerting a reduced influence on overall price levels in the economy. This data underscores the complex economic landscape where unemployment is on the rise, but earnings continue to show resilience.

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also read-Economic Data in Focus: US PPI, Fed talk and UK unemployment data!

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