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Tag: job

US dollar index DXY rises to fresh highs above 98.00 ahead of NFP

US dollar index DXY rises to fresh highs above 98.00 ahead of NFP US dollar index DXY rises to fresh highs above 98.00 ahead of NFP

The DXY index is moving higher and is moving above the 98.00 level. Geopolitical concerns give the US dollar additional wings. The markets’ focus is expected to be on the NFP report for February. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, extends the bullish momentum […]

Labor costs rise 0.9% in the fourth quarter, more than the 0.3% expected

Labor costs rise 0.9% in the fourth quarter, more than the 0.3% expected Labor costs rise 0.9% in the fourth quarter, more than the 0.3% expected

The data from labor costs of the fourth quarter of 2021 were revised upwards, showing a rise of 0.9% in the unit labor cost index, above the expected increase of 0.3%. The non-agricultural productivity had an increase of 6.6% in the quarter, below the 6.7% previously reported. At the same time, a drop in initial […]

USD/JPY updates session highs, approaches 115.50 after US ADP report.

USD/JPY updates session highs, approaches 115.50 after US ADP report. USD/JPY updates session highs, approaches 115.50 after US ADP report.

USD/JPY gained strong positive traction on Wednesday and reversed a significant portion of its weekly losses. A positive risk tone undermined the safe haven JPY and extended support amid modest USD strength. US bond yields rallied, an upbeat US ADP report underpinned the dollar and acted supportive. The pair USD/JPY built on its steady intraday […]

Private sector employment increases by 475,000 according to ADP, exceeding expectations

Private sector employment increases by 475,000 according to ADP, exceeding expectations Private sector employment increases by 475,000 according to ADP, exceeding expectations

ADP reports creation of 475,000 private sector jobs in February, exceeding the 388,000 expected. Strong January revision: from -301,000 to 509,000. The dollar rises in the market after data. The ADP employment report showed that the US private sector created 475,000 jobs in February beating the market consensus of 388,000. In turn, the figures for […]

Continued requests for unemployment benefits fall to the lowest since 1970

Continued requests for unemployment benefits fall to the lowest since 1970 Continued requests for unemployment benefits fall to the lowest since 1970

The Department of Labor reported that Initial jobless claims fell by 17,000 in the week ending February 19 to 232,000, figure slightly lower than the 235,000 of the market consensus. Continued subsidy requests had a drop of 112,000 in the week ended February 12, to 1,476,000, less than the 1.58 million expected. is the lowest […]

Australia creates 12,900 jobs in January, well above expectations

Australia creates 12,900 jobs in January, well above expectations Australia creates 12,900 jobs in January, well above expectations

The Australian Bureau of Statistics reported in the early hours of Thursday that the country created 12,900 jobs during the month of Januarynotably improving the market consensus, which expected that jobs would neither be created nor destroyed. This is the third month in a row that Australia has created jobs. In December it created 64,800, […]

Unemployment rate remains at 4.1% in December, wages rise more than expected

Unemployment rate remains at 4.1% in December, wages rise more than expected Unemployment rate remains at 4.1% in December, wages rise more than expected

The number of jobless claims in the UK fell by 31,900 people during the month of January after falling by 43,300 in December. This is the eleventh consecutive month of falls in the indicator. The December ILO unemployment rate stood at 4.1% for the second month in a row, as expected, its lowest level since […]

USD/CAD rises over 100 pips, pushes to head towards 1.2800 after US/Canada data

USD/CAD rises over 100 pips, pushes to head towards 1.2800 after US/Canada data USD/CAD rises over 100 pips, pushes to head towards 1.2800 after US/Canada data

USD/CAD rose to fresh weekly highs near 1.2800, 100 pips above previous lows on Friday. The catalyst for the move higher was weak Canadian/US labor market data. The USD/CAD received a double whammy of bullish momentum on Friday in the form of much stronger-than-expected US labor market data (USD bullish) and much weaker-than-expected Canadian labor […]

Forex Today – Asian Session: Dollar maintains weak position ahead of BOE and ECB

Forex Today – Asian Session: Dollar maintains weak position ahead of BOE and ECB Forex Today – Asian Session: Dollar maintains weak position ahead of BOE and ECB

What you should know on Thursday, February 3: The US dollar continued to slide on Wednesday to hit new weekly lows against its high-yielding rivals. The EUR/USD pair hit 1.1329 as the annual EU Consumer Price Index jumped to 5.1% in January, greatly outperforming the 4.4% expected and 5% prior. The reading came a day […]

Forex Today – Asian Session: Dollar hit by poor employment figures

Forex Today – Asian Session: Dollar hit by poor employment figures Forex Today – Asian Session: Dollar hit by poor employment figures

What you need to know on Friday, January 21: The dollar traded soft on Thursday, ending the day mixed on the FX board. The EUR was among the weakest, while the AUD and CAD were the strongest. Disappointing US jobs-related figures were behind broader dollar weakness at the start of the US session as weekly […]