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EURUSD: Intraday Analysis & Setup update

Is it really such a safe bet that the Federal Reserve is going to cut interest rates early and often this year? The latest exhibit from the data to suggest that it isn’t came from the weekly jobless claim numbers, as good an early indicator as we have of how many Americans are being laid off. And last week, fewer people signed on as jobless than in any week since September 2022:

No Clamor From Claims Data

Contrary to expectation, jobless claims are at a 15-month low

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