The Eurozone retail sales plummeted 6.4% yoy in January, worsening the expected 1.2% decline. The December data was revised upwards, from + 0.6% to + 0.9%. January is the largest drop recorded by the indicator since last April. Monthly retail sales were down 5.9% compared to an expected 1.2% drop. The December data was revised […]
Tag: job
USD / CAD recovers quickly from weekly lows, jumps above 1.2650
USD / CAD posted a solid intraday rebound from levels below 1.2600 or weekly lows. Rising US bond yields benefited the USD and continued to support the move. Bullish oil prices supported the loonie and kept any significant gains in check. The pair USD / CAD it rallied over 60 pips from weekly lows and […]
GBP / USD remains stable above 1.3950, moving shortly after the UK budget / US ADP report.
GBP / USD struggled to preserve intraday gains and once again faced rejection near 1.4000. A strong rally in US bond yields sustained the USD and put some pressure on the pair. GBP bulls did not seem impressed by the UK budget statement and the disappointing US ADP report. A sudden spike in USD demand […]
Spain adds 44,436 unemployed in February and exceeds four million unemployed for the first time since 2016
The The Spanish Ministry of Labor and Social Economy has revealed today that 44,436 people became unemployed last February, with which the total number of unemployed amounts to 4,008,789 people. The data represents + 1.12% unemployment compared to January and + 23.4% year-on-year. It is the first time since 2016 that Spain exceeds four million […]
Initial jobless claims drop to three-month lows
The Department of Labor reported that initial claims for unemployment benefits they fell by 111,000 in the week ending February 20 to 730,000. The data was better than the market consensus of 838,000. It was the lowest reading in three months. Regarding orders continued A drop of 101,000 was reported in the week ending February […]
The ceramic sector generates 60,000 jobs: 2.4% of the total generated by the industry in Spain
The citizens of the province of Castellón are aware of the importance of the ceramic sector for the generation of employment and wealth in the Castellón regions. But although the Spanish ceramic sector is based on more than 90% in the Castellón cluster, the effect of the industry does not remain so only in this […]
Unemployment claims are positively surprising, falling in December and January; ILO unemployment rate rises to 5.1%
The Unemployment claims in the UK have fallen by 20,000 during the month of January, as published by the National Statistics Office (ONS), notably improving the expected rise of 35,000. In addition, the December data has greatly improved to -202,400 from the +7,000 published a month ago. The ILO unemployment rate for December has risen […]
Risk Appetite, US Dollar Weakness Supports Bulls Targeting 0.8000
AUD / USD bulls take a breather near the highest level since February 2018. The statements from China, the likely fight between the United States and Iran, and Fitch’s negative outlook on Australia’s credit rating failed to replace the virus / vaccine stimulus optimism. The light calendar emphasizes risk catalysts for a new direction. The […]
The main stock indexes close lower
Wall Street benchmarks closed in the red despite moving away from lows in recent hours.Mixed news on virus vaccines, pessimistic US data and fears of less liquidity in the market, due to higher rates, hopes for an American stimulus and the increase in vaccines offer additional support.The Dow is down 0.38% from the all-time high, […]
ADP reports a drop in employment of 231,000 in January, strong upward revision of December figures
The Canada ADP employment report showed a drop in jobs of 231,200 in January. The data was overshadowed by the revision of the December figures, which went from negative at 28,800 to positive at 338,000. In this way, December was the best month since July 2020, and implied the second consecutive monthly increase. That streak […]
