Tag Archives: labour market

On October 6 at 12:30 GMT, the US Bureau of Labour Statistics will release its employment report for September. Major bank economists and researchers anticipate that nonfarm payrolls will rise by 170K in September, down from 187K in August, and that the unemployment rate would drop down to 3.7%. Earnings …

The GBP/USD rose early in the US session but fell as the market was broadly pulled back towards the US dollar. The UK faces high recession risk, with Pound Sterling bids capped. The GBP/USD sank just south of the 1.2200 handle, struggling under a bearish trend. The Bank of England …

Loretta J. Mester, President of the Federal Reserve Bank of Cleveland, stated on Friday, following the NFP report, that the job market remains strong despite signs of rebalancing. She downplayed the increase in the Unemployment Rate to 3.8%, stating that this level “is still low.”Speaking at an event in Germany, …

The AUD/USD pair increased at 0.6490 and then held above the 0.6473 20-day SMA. At the time of writing, it is trading at 0.6474. Investors wager on a less aggressive Fed because the US labour markets are still weak. US bond yields hit a three-week low.The AUD/USD gained momentum on …

According to data released on Wednesday by Automatic Data Processing (ADP), private-sector employment in the United States increased by 177,000 in August. This result came in below the market expectation of 195,000 and following a 371,000 increase (revised from 324,000) in July. “Job stayers saw a year-over-year pay increase of …

After a strong recovery, the price of gold has levelled out as investors look for new reasons to take action. At the time of writing, the precious metal is selling for $1921.51 per ounce. At the Jackson Hole Symposium, Fed Chair Jerome Powell reaffirmed that future policy decisions will be …

The euro fell to its lowest level since mid-June on Friday, weighed down by growing expectations that the European Central Bank could soon stop raising interest rates, while the dollar rose broadly ahead of a speech by Federal Reserve Chairman Jerome Powell. Reuters quoted eight informed sources as saying that …

The number of Americans filing new unemployment claims declined last week, indicating that labour market conditions remained tight despite the Federal Reserve’s aggressive rate hikes. The Labour Department said on Thursday that initial claims for state unemployment benefits fell by 10,000 to a seasonally adjusted 230,000 for the week ending …

The dollar is heading for gains for the fifth week against other major currencies, to record the longest series of gains in 15 months, supported by expectations that US interest rates will remain high for a longer period and by turning to safer assets as a result of concerns about …

The USD/CHF pair retreated below 0.8800 and hit a daily low of 0.8760. FOMC minutes from the July meeting left the door open for another hike, and surging US bond yields limit the downside for the US dollar.The USD DXY Index rose to its highest level since January at 103.60, …