Mixed Signals: Strong Jobs Report for Fed, but PMIs Decline

The US jobs report exceeded expectations, providing a positive outlook for the Federal Reserve, but further positive economic reports are needed for a full recovery. Wage growth also showed positive signs, giving hope for sustainable wages with inflation. However, services PMIs indicate a slowdown in economic activity, potentially impacting consumer spending. Meanwhile, the EUR/USD pair has rebounded from recent lows and is testing the upper end of the range, with a potential break higher supported by favorable data.