The U.S. Department of Labor reported that initial claims for unemployment benefits they increased by 61,000 to 719,000, in the week ending March 27. The increase came from the lowest level in a year and fell short of expectations for a reading of 680,000. The continued claims for unemployment benefits They fell by 46,000 to […]
Tag: job
The dollar advances after Biden presented the plan, the focus is on the concerns of the Covid, the OPEC + meeting and the first level data from the US.
This is what you need to know to trade today Thursday, April 1: Markets are relatively upbeat on Maundy Thursday after President Biden unveiled a massive tax and spending plan. Concerns over vaccine supplies and the lockdown in France are weighing on confidence. OPEC + members are ready to extend the cuts. US jobless claims […]
XAU / USD remains confined to a range, little moves after ADP
A modest USD pullback helped gold find some support near the $ 1677-76 region.The optimistic US economic outlook helped limit the dollar’s slide and earnings.A slight disappointment from the US ADP report did little to boost momentum. Gold extended its side consolidation price action in the mid-European session and remained confined to a tight trading […]
Private employment increases by 517,000 in March according to ADP, the best month since September
The ADP employment report showed an increase in private payrolls of 517,000, the figure was just below the 550,000 of the market consensus. It is the best month for job creation since September 2020. The pending home sales report and Chicago PMI will be released later on Wednesday. Then comes the presentation of President Biden’s […]
Initial jobless claims fall below 700,000, the lowest level in a year
The Department of Labor reported that Initial claims for unemployment benefits were reduced by 97,000 to 684,000, in the week ending March 20. The data was better than the market consensus which was for a reading of 730,000. For the first time in a year they were less than 700,000. Regarding the continued orders, there […]
GBP / USD recovers from daily lows, still negative around 1.3850 after UK employment data
Resurgent USD demand triggers further selling around GBP / USD on Tuesday. Mixed jobs data in the UK does little to impress sterling bulls or lift the pair. Investors await comments from US policy makers for a new directional boost. The pair GBP / USD remains negative around the 1.3850 e region and has moved […]
The unemployment rate falls to 5.0% in January and exceeds estimates
The change in jobless claims in the UK stood at + 86,600 in February. The unemployment rate in the UK fell to 5.0% in January. UK wages, excluding bonuses, were up 4.2% year-on-year versus 4.4% expected. The Office for National Statistics (ONS) has shown on Tuesday that the UK’s official unemployment rate fell to 5.0% […]
ADP reports employment drop of 100,800 in February, worst month since May
The employment report of Canada prepared by ADP showed a drop of 100,800 jobs in February. The January number was revised from -231,000 to -65,800. In this way, the February figures are being the worst since May of last year, a month in which more than a million jobs were lost according to ADP. “The […]
Initial Unemployment Benefit Claims Unexpectedly Rise to Highest Level in Four Weeks
The U.S. Department of Labor reported that Initial claims for unemployment benefits increased by 45,000 in the week ended March 13, to 770,000. The expectation was for a reduction to 700,000. It was the highest reading in four weeks. Regarding the Continued orders, there was a drop of 18,000 in the week ended March 6 […]
AUD / USD retreats from monthly highs amid modest USD rebound, still above 0.7800
AUD / USD struggles to hold its intraday gains to new monthly highs. Rising US bond yields support the USD and trigger some selling around the pair. Sustained weakness below 0.7800 is needed to impress the bears. The AUD / USD has fallen around 50 pips at the start of the European session Thursday, falling […]
