The US dollar had a mixed week as there was plenty of negative data from the United States, yet there also were positive indicators, especially employment figures. The greenback rose against the euro and the yen, but declined against higher-yielding currencies.(…)Read the rest of Good Employment Rescues Dollar After Week of Bad Data (164 words) Posted on Forex News. Read More Good Employment Rescues [...]
Another piece of good news about the US labour market has just been released by the private company, ADP. How can that be given the miss on expectations? Read on. The January report shows a net increase in private sector employment of 170,000 against expectations of 182,000. While the number was Read More ADP Employment [...]
The Australian dollar dropped today after the report showed an unexpected decline of employment, making traders speculate about a possible interest rate cut by the Australian central bank.(…)Read the rest of Australian Employment Deteriorates, Aussie Down (111 words) Posted on Forex News. Read More Australian Employment Deteriorates, Aussie Down
The Australian dollar climbed as today’s report showed that confidence of Australian consumers rose and tomorrow’s data about employment is expect to demonstrate an improvement. The euro managed to outperform the currency of Australia.(…)Read the rest of Australian Dollar Higher as Consumer Confidence & Employment Improve (96 words) Posted on Forex News. Read More Australian Dollar Higher as Consumer Confidence dan Employment Improve
While December’s net gain of 200,000 nonfarm jobs topped consensus estimates, the report was helped by a host of special factors and also followed downward revisions to the two previous months. Three industries accounted for a disproportionate share of December’s increase, including couriers and messengers, which added 42,200 jobs. Similar Read More A Closer Look [...]
The big news of the afternoon has been the whopping ADP employment number. We all knew the US was getting stronger, but we didn’t expect the private sector to create 325k jobs last month. This was 8 standard deviations bigger than the 177k estimate and was the largest monthly gain Read More Strong US Employment [...]
The buck surged today with the Dollar Index reaching highs that have not been seen since last January. The dollar extended gains on the back of risk aversion as concerns in Europe mounted following an unexpected drop in retail sales in Germany, worries about bank capital needs and a French Read More Dollar Higher Ahead [...]
Asian Markets are set for a weak opening after US Stocks rebounded from earlier losses to finish narrowly mixed Thursday, with the S&P adding small gains to the New Year rally, ahead of a key government employment report. Read More Stocks Mixed Ahead Of Employment Numbers
The US employment picture seems to be improving, according to the most recent employment data for the world’s largest economy. Private payrolls company, ADP, released figures that not only beat estimates, but soared above any print on record in 5 Vote(s) Read More ADP Report Shows Pickup In US Employment
U.S. Dollar Trading (USD) Risk was on overnight but the safe haven USD held up well against most currencies with US data improving and the Euro struggling to hold gains. Weekly Jobless Claims dropped for a third week to 364k and are beginning to trend lower. December Consumer Confidence picked Read More US Employment Outlook [...]
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