Tag Archives: jobs data

Despite poor US GDP and employment market data, the EUR/USD pair is up 0.38 percent, suggesting that the Fed may delay raising interest rates. In addition to strengthening the Euro, the US Dollar Index declines to 103.187 as US Treasury note yields also retreat.German HICP surpasses expectations, supporting the Euro …

The US Dollar Index exhibits obvious strength. It surged for the fourth day in a row on Tuesday, reaching its highest point in a month. With the help of rising risk aversion and a comeback in Treasury yields, the DXY was able to recoup its losses. Over 1% was lost …

UK wages excluding bonuses soared to the highest growth rate since 2001, pushing unemployment to 4.2%. The GBP/USD pair surges following Monday’s session, which portrayed a ‘hammer’ formation, suggesting that further upside is expected. UK jobs data overshadowed positive economic data from the United States, as wages grew above estimates, …

Data released on Friday showed that Canadian employment rose by 60,000 in June, above the 20,000 expected. Analysts point out that employment growth was brisk in June. However, mt nalysts warn that rapid population growth and a rise in participation meant that the unemployment rate rose two ticks to 5.4%, …

Dubai TV interviewed Mohammed Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, to comment on the US Non-Farm Payrolls report, which is a monthly report that the markets are closely awaiting. Asked whether it is expected to witness a decline …

While the employment growth in February was not as significant as in January, it was still somewhat more than expected, which is another sign that the Canadian economy will start 2023 with more strength than previously predicted.The increase in jobs this month was less pronounced than in prior months, but …

Gold prices rose on Friday as investors awaited the US non-farm payrolls data, which is expected to be released on Friday, to assess the possible path of interest rate hikes by the Federal Reserve (US central bank). By 0716 GMT, spot gold rose 0.1% to $1832.24 an ounce, and US …

Both Friday’s Nonfarm Payrolls report and next week’s the US Consumer Price Index are in the focus of exceptional attention for traders and investors. Gold price is up about 0.9% from a low of $1,812.02, and it has since risen strongly to challenge $1,835.64 as the US dollar lost additional …

Fed Chair Jerome Powell is delivering his bi-annual testimony before the US Senate. He presents the Monetary Policy Report before the Q&A session with senators. The US dollar, stock markets as well as all other asset could be on the move with Powell’s words. The US Dollar’s bullish rally remains …

By mid- to late-summer, according to Federal Reserve Bank of Atlanta President Raphael Bostic, the US central bank may be able to halt the current tightening cycle. Although he supports a rate increase of 25 basis points in March, he cautioned that monetary policymakers are “monitoring” incoming data that shows …