Asian Open: NZ unemployment falls to a new record low
New Zealand's jobs report saw unemployment fall for a fifth consecutive quarter to a fresh record low of 3.2%.
unemployment
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UK unemployment rate unexpectedly remained unchanged
The Office for National Statistics said Tuesday that the number of people seeking unemployment benefits increased by more than 1.5 million in the two months through May.
Buying Momentum Falters, Shutdown and Consumer Confidence to Move Dollar
Buying Momentum Falters Asian markets pushed higher overnight, with the exception of the Shanghai Index, which was nursing losses following dismal Chinese industrial profits. Europe also started in the black, although European bourses were back in the red by midway through the European session.
AUD/USD: Bearish Trend Still Dominates Ahead of AU Jobs
The price action so far today is emblematic of a textbook “risk off” day: stocks are falling across the globe, oil is trading off by nearly 3%, bond yields are generally retreating, and the yen is the strongest performing major currency (though we would note that gold bugs still can’t seem to catch a break!).
USD/CAD falls sharply ahead of Canadian jobs data
USD/CAD fell sharply for a second day in a row on Thursday as a combination of factors helped to weigh on the US dollar while boosting the Canadian dollar. This USD/CAD drop has occurred immediately ahead of key Canadian jobs data for April to be released on Friday.
NFP Recap: Jobs and wage growth disappoint, but Fed still on track
Most aspects of the US jobs data released on Friday morning disappointed expectations, but were unlikely disappointing enough to sway the Federal Reserve from its firm track towards higher interest rates through 2018 and beyond.
NFP Preview: Wage growth in focus as inflation expectations rise
Monthly employment data will take center stage on Friday morning as the US Department of Labor will report on the number of jobs added to the US economy in April, the unemployment rate, and key wage growth figures.
NFP Recap: Mixed data highlights stellar job creation, weak wage growth, strong economy
The official US jobs report for February was released on Friday morning, and despite a stellar reading for job creation – 313,000 jobs added in February against prior expectations of around 200,000 – the data was mixed overall, as wage growth was weak and the unemployment rate was slightly higher than expected.
NFP Recap and Week Ahead
The official US jobs report for January that was released on Friday morning was highly positive, easily beating expectations on both the headline data and, very importantly, wage growth.
NFP Preview: US jobs report unlikely to boost beleaguered dollar
The first official US jobs data for 2018, covering January, will be reported on Friday morning by the US Department of Labor. Consensus expectations are pointing to an anticipated improvement in non-farm payrolls (NFP) over December’s disappointing outcome. Around 180,000 non-farm jobs are expected to have been added to the US economy in January following a worse-than-expected showing of 148,000 jobs added in December.
The Week Ahead: Weak dollar in focus amid Fed decision, US jobs data
For the past week, all eyes have been on the World Economic Forum in Davos, Switzerland, where US President Trump and others moved markets, especially the US dollar, with their comments.
USD/CAD remains pressured after jobs data
Friday’s simultaneous release of US and Canadian jobs data for December resulted in USD/CAD extending its sharp slide of the past three weeks. Friday’s plunge was driven in large part by the contrast between the US and Canadian employment data, as the US headline number fell significantly short of expectations while Canada’s job creation in December far exceeded forecasts.
NFP Preview: Could a strong US jobs report help boost the struggling dollar?
The official US jobs data for December will be reported on Friday morning by the US Department of Labor, and consensus expectations are pointing to a likely continuation of the strong job creation that prevailed through much of last year (September weather disruptions notwithstanding).
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