Risks still tilted to the upside on the back of positive external developments – ING
Australia’s dismal jobs data weighed on the Reserve Bank of Australia’s (RBA) rate hike expectations, smashing AUD/USD. However, economists at ING maintain a bullish bias. Too early to make strong calls about the end of the RBA hiking cycle “The Australian Dollar has come under pressure after a surprise contraction in employment in December, which […]
AUD/USD renews weekly bottom around 0.6890 amid poor Aussie employment, downbeat yields
AUD/USD bears poke previous monthly top during a two-day downtrend from five-month high. Australia jobs report bolstered case for slower rate hike from the RBA. US Treasury bond yields renew multi-day low even as downbeat data, hawkish Fedspeak renew recession fears. AUD/USD holds lower ground near the intraday low near 0.6890 as the previous monthly […]
When is the Australian employment report and how could it affect AUD/USD?
December month employment statistics from the Australian Bureau of Statistics, up for publishing at 00:30 GMT on Thursday, will be the immediate catalyst for the AUD/USD pair traders. Market consensus suggests that the headline Unemployment Rate may remain unchanged at 3.4% on a seasonally adjusted basis whereas Employment Change could ease to 22.5K versus the […]
UK Employment and Inflation Data for December: Some Relief for the BOE?
Last Friday, the UK reported a surprise growth in GDP. That was even a surprise for the normally overly optimistic government analysts, who were expecting the UK to remain in recession for the coming quarters. Of course it was just one month of data, and doesn’t necessarily mean a trend is forming. The outsized growth […]
The ‘best job in America’ pays over $120,000 a year — and offers a low-stress, healthy work-life balance
We’ve had the great resignation, quiet quitting, resistance to going back to the office — and now? It turns out people are looking for happiness, stability, flexibility and a good salary.In 2023, in the wake of the worst days of the pandemic, most U.S. job switchers and others seeking employment want to land a job […]
Dollar hits four-week high on strong employment data By Reuters
© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won By Karen Brettell NEW YORK (Reuters) – The hit a four-week high on Thursday after data pointed to a strong jobs market, supporting the prospect that the Federal Reserve could keep up […]
The case for additional labor market weakness is clear – Wells Fargo
On Friday, the US official employment report will be released. Market consensus is for an increase in payroll by 200K. Analysts at Wells Fargo point out the demand for workers has started to roll over. They argue job openings and hiring plans have declined since the start of 2022, and the trend in layoffs is […]
ADP says 235,000 private-sector U.S. jobs created in December
The numbers: Private-sector employment rose by 235,000 in December, payroll processor ADP said Thursday, in a sign that many companies are still hiring and the U.S. labor market remains strong. ADP reported a 182,000 increase in November. The increase in hiring was larger than expected. Economists polled by The Wall Street Journal had forecast a […]
JOLTS Job Openings little changed at 10.45 million in November
Job openings in the US declined margianlly in November. US Dollar Index continues to rise toward 104.50. The data published by the US Bureau of Labor Statistics (BLS) revealed on Wednesday that the number of job openings on the last business day of November was 10.45 million, compared to 10.51 million in October and the […]