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Can US PMI surveys and employment reports sway bonds? The Week Ahead

Last week we noted that bond yields could trump economic data this week, and for the most part they did. We can also extend that comment into next week, especially if they continue to retreat and loosen their grip on bearish sentiment and allow risk assets to rebound. Highlights in next week’s calendar include the NFP and ISM PMI reports, RBA and RBNZ monetary policy meetings, the quarterly Tankan survey for Japan and Canada’s employment report.

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September 29, 2023 12:16 AM

AUD/USD, AUD/JPY Analysis: Jobs data keeps hawkish pressure on the RBA

The Australian dollar has spiked higher across the board after the economy delivered another rate-hike defying report. And that has seen AUD/JPY and AUD/JPY break out of their recent consolidations to the upside.


AUD pairs in focus for AU employment: Asian Open - 20th July 2023

The RBA will be keeping a close eye on today's employment figures from Australia. If they continue to outperform then it keeps some pressure on the RBA to at least strike a hawkish tone at their next meeting, or potentially hike if next week's inflation figures are too hot. And that places AUD pairs in focus, and today we're looking at a potential long setup on AUD/JPY at the lower end of its trading range.

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AU employment miss adds to the Aussie's woes

A weak lead form Wall Street weighed on the Aussie overnight, with today’s employment miss adding to its downside pressure.

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European Open: GBP drifts higher, ISM manufacturing and JOLTS in focus

Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports.

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November 1, 2022 02:18 AM
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JOLTS job openings - an employment miss (not to be missed)

Rate hikes are really beginning to take a bite out of the US employment numbers, with job openings falling at their fastest pace since the pandemic.

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October 4, 2022 07:52 PM
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JOLTS job openings - an employment miss (not to be missed)

Rate hikes are really beginning to take a bite out of the US employment numbers, with job openings falling at their fastest pace since the pandemic.

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October 4, 2022 07:52 PM

European Open: The FTSE powers ahead, UK employment up next

The FTSE 100 powered through a resistance cluster yesterday as it tracked global equities higher. We see the potential for it to continue, should US inflation soften as expected.

"Newspaper snippet of jobs board"

NFP preview: Will the jobs report seal a 75bps hike from the Fed?

With some ambiguity about the Fed’s imminent policy decision still lingering, this month’s jobs report will be critical...

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September 1, 2022 10:22 AM

European Open: EUR/GBP hints at a swing high ahead of UK employment data

Whilst EUR/GBP has remained mostly within the range highlighted last week, subsequent price action suggests a downside break could be on the cards.


European Open: EUR/AUD looks week ahead of German PPI

A strong employment report for Australia has sent AUD to top of the class overnight, weighing on EUR/AUD ahead of PPI data for Germany at 07:00 BST.

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July 13, 2022 11:38 PM

European Open: WTI in focus for the US and Canada’s employment reports

There’s not a huge amount of data today, which puts the US nonfarm payroll and Canadian employment report into focus as the main calendar event.


The NFP report could grow in significance again

We’ve seen cracks appearing in the US economy in recent months. So now they’re making their way over to employment reports it puts NFP on high alert for weakness.

"Newspaper snippet of jobs board"

NFP preview: Ugly leading indicators have traders on edge

The leading indicators point to slightly below-expectation reading in this month’s NFP report...see what they're saying and possible ways to trade it!


NFP preview: Will the jobs report tip the scales on the Fed’s decision next month?

This will be the final NFP report before the next Fed meeting in early May, where traders are currently split between expecting a 25bps and a 50bps rate hike.

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March 31, 2022 09:13 AM

Bank of Canada meeting preview: BOC inching closer to rate hikes

We expect the BOC to reiterate that the Canadian economy is on track for a full recovery next year, and that an interest rate hike cycle could begin as soon as H1...

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December 6, 2021 09:32 AM

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European Open: UK Employment in Focus for GBP Traders

Today’s employment set should gather extra attention, given comments made by BOE’s Governor Andrew Bailey yesterday.

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November 16, 2021 01:04 AM
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New Zealand jobs data to keep the pressure on AUDNZD

Commodity currencies were under pressure overnight. The Norwegian Krone (-1.42%) led the rout followed by the Australian dollar (-1.29%) with the New Zealand dollar (-1.03%) rounding out the top three.

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Australian jobs preview and where to next for the AUDUSD

Tomorrow at 11.30 am Sydney time, Australian labour force data for September is due to drop.

October 12, 2021 11:49 PM
Currency prices

Canadian Employment Change in line as data continues to show improvement

With a string of positive jobs data from Canada, the BOC may feel like they are in a better position to continue with their tapering at the next meeting

September 10, 2021 08:05 AM
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Asian Open: USD Extends Rally on Low Jobless Claims and Taper Talk

It seems the FOMC minutes released dollar-bull genies from the bottle this week, with employment claims adding fuel to the fire.

European Open: UK Employment, Powell and US Retail Sales in Focus

Traders will keep an eye on the UK’s claimant count for BOE clues, ahead of US retail sales and a virtual event for Jerome Powell for Fed (and therefore USD) watchers.