US nonfarm payrolls disappointed, but the unemployment rate improved. Inflation in the euro area reaches 5%, exceeds estimates. EUR / USD Technical Outlook: The 1 hour chart shows a bullish bias, although a break above 1.1400 increases the chance of an attempt to hit the 100 DMA at 1.1500. After a mixed-than-expected US employment report […]
Tag: job
USD / JPY struggles at 116.00 after a US NFP mixed report amid rising US Treasury yields.
The dollar ignores the rise in US Treasury yields, with the 10-year yield hitting 1,785%. The US Non-Farm Payroll report hit 199,000, disappointing estimates, the unemployment rate falls below 4%. USD / JPY Technical Outlook: Biased lower, unless it recovers to 116.00. The USD/JPY fails to gain traction after a mixed US nonfarm payroll report, […]
US Dollar Index unchanged above 96.00 after NFP report
The index maintains the bearish note above 96.00. US nonfarm payrolls increased by 199,000 jobs in December. The unemployment rate fell to 3.9%. Selling interest around the dollar remains good and solid at the end of the week and keeps the US dollar index in the area above the 96.00 barrier on nonfarm payrolls. The […]
Canada generates 54,7000 jobs in December, double the expected
Canada created 54,700 jobs in December, doubling the estimated 27,500. In November, the country posted a strong 153,700 jobs. The Canadian unemployment rate has dropped one tenth, falling to 5.9% from 6% previously and forecast, down to its lowest level since February 2020. The participation rate has remained at 65.3%, as expected. Finally, average hourly […]
Non-Farm Payrolls stood at 199,000 in December, well below the 400,000 expected
The Non-Farm Payrolls in the United States have increased by 199,000 during the month of December, below the 400,000 expected by the market. The November figure has been revised upwards, rising to 249,000 from 210,000 published a month ago. The December data is the lowest in job creation in a year, since December 2020. The […]
Forex Today – Asian Session: Non-Farm Payrolls Could Mean An Even More Aggressive Fed
What you need to know on Friday, January 7: The dollar retained most of its post-Minute gains from the FOMC, even though US data is generally disappointing. Stocks remained bitter, while US government bond yields held near the multi-month highs reached on Wednesday. EUR / USD closed around 1.1290, at the lower end of its […]
Weekly jobless claims rise to 207,000 in the last week of the year, their worst result since Black Friday
The Weekly claims for unemployment benefits in the United States have increased by 7,000 in the week of December 31, standing at 207,000 compared to 200,000 the previous week (figure revised up from 198,000). The result worsens by 10,000 the estimated 197,000 and registers the highest number of requests since the week of November 26, […]
US Dollar Index Still Under Pressure, Challenges 96.00
The DXY is trading defensively near 96.00. The US ADP report surprised to the upside in December. Investor attention now shifts to the FOMC Minutes. The US Dollar Index (DXY), which measures the dollar against a group of its main rivals, is trading defensively and near the 96.00 zone on Wednesday. The US dollar index […]
USD / JPY cuts intraday losses, remains below 116.00 after US ADP report.
A combination of factors triggered a modest USD / JPY pullback on Wednesday from a multi-year high. JPY benefited from revival in demand for safe havens; the decline in US bond yields weighed on the USD. A surprisingly stronger ADP report, aggressive expectations from the Fed limited losses for the USD and for the pair. […]
Initial unemployment benefit requests remain at 205,000 in line with expectations
The Department of Labor reported that Initial claims for unemployment benefits remained at 205,000 in the week ending December 18, matching the market consensus. Regarding the continued claims for unemployment benefits, these were reduced by 8,000 in the week ended December 11 to 1,859,000, the lowest level since March 2020. Expectations were for a drop […]