EUR/USD remains above the parity level on Friday. US nonfarm payrolls increased by 315,000 jobs in August. The unemployment rate rose to 3.7%. The EUR/USD keeps the daily supply bias unchanged and manages to retest the 1.0030 region after the release of August non-farm payrolls. EUR/USD looks well supported near 0.9900 EUR/USD remains positive on […]
Tag: employment
Forex Today – Asian Session: The dollar continues to lose
What to watch for on Friday, September 2: Financial markets started September on the wrong foot, as recession-related concerns were exacerbated by China’s announcement that Chengdu, a city of roughly 21 million people, has been placed in lockdown over coronavirus. The US dollar rose, helped by upbeat local data and gloomy markets. In Europe, attention […]
US: Unit labor costs rise 10.2% in the second quarter vs. 10.7% expected
Unit labor costs rose at a softer-than-expected pace in the second quarter. The US Dollar Index remains in positive territory above 109.00. Unit labor costs in the non-farm business sector increased 10.2% in the second quarter of 2022, the US Bureau of Labor Statistics (BLS) reported on Thursday. This reading was lower than the market […]
US: Initial jobless claims fall more than expected to eight-week lows
Initial requests for unemployment benefits fall to 232,000 against 248,000 expected. The dollar remains firm in the market. Next impact data: ISM Manufacturing for August. The United States Department of Labor reported that Initial jobless claims fell by 5,000 in the week ending August 27 to 232,000, a figure lower than the 248,000 of the […]
Forex today: The dollar remains victorious for another month
What to watch for on Thursday, September 1: The US dollar ended the month of August with substantial gains across the currency board. On Wednesday, it rose against most of its major rivals, although the EUR/USD pair advanced for the third day in a row and traded around 1.0050. The EU’s Harmonized Index of Consumer […]
S&P 500: Slight rebound in futures, cautions prevail
The climate of caution continues to dominate the financial markets despite the slight rebound in futures. Oil prices fall more than 3%, metals also fall. The dollar rises but moderately. Inflation in the Eurozone sets a new record, US employment data is coming. Wall Street futures trade with small gains on Wednesday, while in Europe […]
The US labor market is strengthening amid resilient demand
The latest US jobs report ahead of the Federal Reserve’s September policy meeting showed that employers continued to add jobs at a healthy – if more modest – pace in August, underscoring the length and strength of the market of work, reports Bloomberg. Friday’s jobs report is expected to show an increase of 300,000 jobs […]
USD/CAD falls below 1.2950 on USD weakness ahead of Powell’s speech
USD/CAD was down 0.15% on Thursday as market traders brace for further hawkish rhetoric from the Fed. The US GDP figure for the second quarter, although better than expected, remains in recession territory. USD/CAD Price Analysis: Traders Regain 1.3000 to Open Door to Test All-Time Highs; otherwise a drop to 1.2800 is possible. The USD/CAD […]
AUD/USD bounces away from the 50 DMA and rises to a fresh daily high beyond 0.6950
0AUD/USD rebounds from 1-week lows hit this Thursday. An unexpected drop in unemployment in Australia offers some support to the Aussie. A modest pullback in the dollar provides an additional boost amid a nice recovery in risk sentiment. The pair AUD/USD reverses an intraday drop to levels below 0.6900 and bounces back. The pair continues […]
Australia: Unemployment rate falls to 3.4% in July, its lowest level since 1974
The Australia’s seasonally adjusted unemployment rate dropped to 3.4% in July 2022according to data published today by the Australian Bureau of Statistics (ABS). Bjorn Jarvishead of labor statistics for the ABS, said: “As the employment fell by 41,000 people and the number of unemployed also fell by 20,000the unemployment rate fell 0.1 percentage point to […]