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Soured sentiment keeps AUD/JPY on the ropes
Concerns that the US is headed for stagflation weighed on sentiment yesterday, which has placed AUD/JPY back onto our bearish watchlist.
EUR/GBP slips as UK wages rise while German sentiment drops
This was on the back of official data showing UK wage growth had reached its highest level since the financial crisis in the three months to August.
Markets recap: Lira, EM currencies calmer; UK wages disappoint and EZ GDP beats
The markets were a little calmer in the first half of today’s session as the Turkish lira finally stopped falling, while the pound staged a short-lived bounce in the aftermath of mixed-bag UK data.
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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.
Week Ahead: US dollar in focus ahead of FOMC, NFP
For more than a week, the US dollar has risen sharply as US government bond yields have surged – with the benchmark 10-year Treasury yield briefly topping 3% – while geopolitical risk perceptions have tentatively waned.
GBP/USD: Soft UK wages pressurises cable ahead of CPI
Economic news in the UK was also not great today, although it wasn’t too bad either.
US dollar index remains heavily pressured on tepid inflation, White House changes
Two primary developments on Tuesday led to a sharp fall for the already-struggling US dollar.
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 Preview: Wage growth in focus as inflation concerns persist
February US jobs data, which will be reported on Friday morning by the US Department of Labor, is poised to take on increased importance for markets and investors.
USD/CAD pulls back from key level ahead of BoC, jobs data
USD/CAD pulled back sharply from the key 1.3000 psychological level on Tuesday, ahead of Wednesday’s interest rate decision from the Bank of Canada and Friday’s employment reports from both the US and Canada.
Week Ahead: Italian Election, Central Banks, and US Jobs in Focus
Two primary catalysts for the return of sharply elevated market volatility emanated from the U.S. – Fed Chair Jerome Powell’s hawkish testimony in front of the US Congress, and US President Trump’s announcement regarding sizeable import tariffs on steel and aluminum.
Week Ahead: New Fed Chair in focus as markets mull interest rate trajectory
The US dollar was still seeking direction while equity markets bounced back on Friday after a week of persistently volatile trading, as interest rates and Federal Reserve speculation continued to dominate headlines.
GBP/USD in focus ahead of UK jobs, inflation report, GDP
Aside from the release of meeting minutes from major central banks, including the US Federal Reserve and European Central Bank, this week also features key releases from the UK in the form of jobs data and inflation report hearings on Wednesday, as well as UK GDP on Thursday.
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.
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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).
The Week Ahead: Fed, ECB, and BoE Take Center Stage
The US jobs report for November was released on Friday. Although the headline non-farm payrolls number came in significantly better than expected at 228,000 jobs added in November against a prior consensus forecast of around 200,000 jobs, wage growth turned out lower than expected.
AUD/USD focus turns to key Australian, US data
Looking ahead this week, several key data releases will likely have a significant impact on AUD/USD.
NFP Preview: Will October jobs data bounce back as sharply as expected?
On Friday, the official US jobs data for October will be reported, and expectations for a sharp bounce-back from September’s weather-related negative reading are high.
The Week Ahead: Key Central Banks and US Jobs Data in Focus
The week ahead will be an exceptionally busy one in terms of key macroeconomic events and data releases. Most importantly, the US Federal Reserve, Bank of England, and Bank of Japan will be announcing their respective monetary policy decisions. These decisions will then be followed by the highly anticipated US jobs report at the end of the week.
US dollar at crossroads ahead of key economic releases
While last week’s highly disappointing US non-farm payrolls release was generally discounted by the markets due to the expected impact of two hurricanes that negatively affected US job growth in September, greater-than-expected wage growth and a lower unemployment rate were significant bright spots in the data. With respect to wage growth, a key indicator of inflation, average hourly earnings jumped up +0.5% in September against both a prior consensus forecast of +0.3% as well as the previous month’s +0.2% revised reading. This surprisingly elevated wage growth data is likely to play a role in boosting the prospects for a December interest rate hike by the Federal Reserve. The current week features more US economic releases that will also play a key role in helping to set the tone for both Fed policy and the US dollar going forward.