Tag Archives: labour market

The dollar index on Friday rose by +0.58% and recovered mildly from Wednesday’s 5-week low. Still, the dollar closed -0.9% lower on the week. The dollar on Friday saw support from the stronger-than-expected US consumer sentiment report. However, there was carry-over bearish sentiment for the dollar based on the favorable …

The USD/CAD pair extended its losses for the second straight day as sellers eye a break of the 200-DMA. July’s US inflation reports show signs of peaking, with CPI at 9% YoY and PPI at 10% YoY, below their previous month’s readings.The USD/CAD is trading at 1.2738 under its opening …

There were 262,000 initial jobless claims in the week ending August 6, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 248,000 (revised from 260,000) and came in slightly lower than the market expectation of 263,000. Further …

Nonfarm Payrolls in the US rose by 528,000 in July, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed June’s increase of 398,000 (revised from 372,000) and came in better than the market expectation of 250,000. The Unemployment Rate edged lower to 3.5%. …

This question normally weighs on consumers, politicians and investors around the world every time the US central bank decides interest rate hikes. Is the US economy in a recession? The reasonable answer, so far, is: “maybe”, in other words; it is “A Mix of Yes and No”. For many people, …

There were 256,000 initial jobless claims in the week ending July 23, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 261,000 and came in worse than the market expectation of 253,000. Further details of the publication …

There were 251,000 initial jobless claims in the week ending July 16, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 244,000 and came in worse than the market expectation of 240,000. Further details of the publication …

“I think it is plausible that we have a growth recession where it goes below longer-run average but doesn’t go negative,” Federal Reserve Governor Christopher Waller said on Thursday. Waller added that markets would also price a 100 basis points rate hike in July, Waller is also open to a …

Most economists do predict a 0.75-point rate hike decision by the Bank of Canada on Wednesday, followed by another super-sized rise next autumn. This will be the biggest rate increase in decades, a three-quarter-point rise, which comes within the framework of combating hot inflation, and looks set to continue with …

US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, bounced off the lowest levels since September 2021 by the end of Thursday’s North American session. The inflation gauge recently flashed the 2.33% mark, reversing from the previous day’s multi-month low of …