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NFP Recap: "Goldilocks" report for oversold US equities?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hopes were high heading into today’s US jobs report, and at least on a headline basis, the report did not disappoint. Traders were looking for another reading slightly above 200k, which would be essentially in line with the 12-month average heading into today’s release (~220k), but as it turns out, the US economy actually created an eye-catching 292k jobs in the month of December. The cherry on top of December’s strong job growth was a +50k revision to the previous two months’ reports, which

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