Manufacturing jobs are ‘tough to fill’ and stand out as the weak spot in the employment picture
In a year that featured otherwise solid job growth, manufacturing stood out as one sector that lagged behind. It’s not that the jobs aren’t there: There were still 477,000 open positions as of October, down less than 5% from the...
Flurry of UK Data Due as Pound Grapples with Rate Cut Risks
It’s a busy data week in the UK, with GDP numbers for November hitting the markets on Monday at 09:30 GMT, before inflation figures on Wednesday and retail sales on Friday. The pound seldom reacts to economic data nowadays, but...
USD/CAD Outlook: Weak US and Upbeat Canada’s Jobs Data Inflate Loonie
The loonie rallied against its US counterpart on disappointing US NFP (Dec 145K vs 164K f/c) and AHE (Dec m/m0.1% vs 0.3% f/c), also being boosted by upbeat Canada’s jobs data (Employment change Dec 35.2K vs 25K f/c; unemployment Dec...
Job market ends 2019 with disappointing 145,000 growth in payrolls
WASHINGTON — The U.S. jobs market ended 2019 on a sour note, with December’s payroll and wage growth missing expectations, according to Labor Department figures released Friday. Nonfarm payrolls increased by just 145,000 while the unemployment rate held steady at...
FTSE Set for Potential Breakout
The FTSE could be the next major stock index to join the global rally after Wall Street hit a fresh record high and the DAX climbed to its best level since 2018 as the German index closed in on its...
Dollar Retreats after NFP Miss, But Loss Limited
Dollar retreats mildly in early US session after non-farm payroll reports missed market expectation. But loss is limited as the set of data was decent even thought not spectacular. Indeed, there is prospect of more Dollar rally once the knee-jerk...
AUDJPY Set for Golden Cross in Upward Sloping Channel
AUDJPY continues to post higher peaks and higher troughs within an upward sloping channel since late August, which keeps the broader outlook positive. Moreover, the 50-day simple moving average (SMA) looks ready to cross above the 200-day one soon, which...
All Eyes On The US Employment Report…
Today during the American session (13:30, GMT) we get the US employment report for December and traders tend to zoom into the release. The forecasts are for the unemployment rate to remain unchanged at 3.5%, the average earnings growth rate...
EUR/USD Outlook: The Pair Gained Bearish Momentum Breaking The 1.1130 Support
The Euro started a steady decline from well above the 1.1160 support area against the US Dollar. The EUR/USD pair gained bearish momentum and even broke the 1.1130 support area. Besides, there was a close below 1.1120 and the 50...
EUR/USD Outlook: The Euro Holds In Red Ahead Of Key US Jobs Report
The Euro remains firmly in red on Friday and extends weakness after Thursday’s long-legged Doji signaled bears were pausing. The pair is on track for the worst week since early November as dollar benefited from recent geopolitical turmoil in both...