The unemployment rate rose to 3.8% in April in the UK. The change in the applicant count came to -19,700 in May. UK wages excluding bonuses rose 4.2% yoy in April vs. 4.0% expected. The Office for National Statistics (ONS) has shown on Tuesday that UK official jobless rate rose to 3.8% in April, up […]
Tag: employment
USD/CAD hits a new two-week high after US CPI.
The dollar strengthened across the board and pushed USD/CAD to a fresh two-week high. A stronger US CPI reaffirmed the Federal Reserve’s expectations and provided a strong boost to the dollar. The Canadian CPI, better than expected, did not benefit the loonie or hinder its progress. The pair USD/CAD added intraday gains and soared to […]
US: Jobless claims rise more than expected to 20-week high
The United States Department of Labor reported that Initial jobless claims increased by 27,000 in the week ending June 4 to 229,000. The data was above the 210,000 market consensus. The continued claims for unemployment benefit they were unchanged in the week ending May 28 at 1,306,000, following a revision of the previous week’s data […]
Eurozone: Acceleration of growth in the first quarter despite the war in Ukraine
The eurozone economy grew faster in the first quarter of 2022 compared to the previous quarter, despite the outbreak of war in Ukraine, according to data released today by Eurostat. In particular, in the final measurement for the period January – March, Eurostat announced that the GDP of the Eurozone grew by 0.6% from quarter […]
EUR/USD looks offered near 1.0710 after NFP report
EUR/USD loses ground and tests the 1.0710 level on Friday. US nonfarm payrolls increased by 390,000 jobs in May. Unemployment was unchanged at 3.6%. The EUR/USD loses further ground and revisits the low of 1.0700 after the release of May non-farm payrolls at the end of the week. EUR/USD continues to target the 1.0800 zone […]
Forex Today – Asian Session: Dollar Lower, But Not Defeated Yet
What to watch for on Friday, June 3: The dollar reversed course on Thursday and gave back all of its Wednesday gains and more. Declining government bond yields and tepid US employment data put pressure on the US currency, weighed down later by the positive tone on Wall Street. Concerns related to economic growth and […]
US: Private sector jobs according to ADP increase by 128,000 in May, less than the 300,000 expected
ADP report shows job creation below expectations. April figures are revised downwards. The dollar does not register significant variations. The ADP employment report showed that the private sector increased jobs in 128,000 during May, a figure that wasor below the market consensus of 300,000 and that it was less than 202,000 in April (revised from […]
Gold Forecast: XAU/USD extends bounce above $1,850, US ADP in sight
Gold price remains supported above the 21 DMA with an eye on $1,870. Risk appetite inflows and dollar decline coupled with yields favor XAUUSD bulls. The results of the US ADP survey on employment may reignite the Fed’s aggressive tightening bets and limit the rebound in gold. the price of gold it is supported by […]
AUD/USD rallies solidly towards 0.7200 as USD weakens ahead of US ADP.
AUD/USD bounces along with risk, S&P 500 futures up 0.50%. Strong Australian economic data fuels the RBA’s aggressive rate hike bets. US ADP jobs are the next push higher for the pair. The AUD/USD has staged an impressive comeback in the last few hours as bulls look to reclaim the 0.7200 level ahead of the […]
Eurozone: Unemployment rate remains unchanged at 6.8% in April vs. 6.7% expected
The unemployment rate in the euro zone remained stable at 6.8% in April. The EUR/USD pair continues to trade in a tight range above 1.0700. Monthly data released by Eurostat showed on Wednesday that the euro zone and EU unemployment rate were unchanged at 6.8% and 6.2%, respectively, in April. Markets had expected the euro […]
