Day: March 4, 2022
February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat
Job growth accelerated in February, posting the biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau of Labor Statistics reported Friday. That compared with estimates of 440,000 for payrolls and 3.9% …
Strong February NFP Report, However, Wages Slip
The Nonfarm payroll report showed that the US added 678,000 jobs to the economy in February. This was versus an expectation of +400,000 and a higher revision to the January print to +481,000. In addition, the Unemployment Rate fell to 3.8% from 4%. This was primarily due to the increase in the Labor Participation Rate …
Euro in Free Fall Again While Dollar Rebounds on Strong NFP
Dollar rises notably in early US session with help from strong headline non-farm payroll job growth, even though wages disappoint. But still, the overwhelming theme is Euro selloff on Russia invasion of Ukraine. The common currency is actually suffering a fresh round of heavy selling, just after NFP risk is cleared. Technically, it shouldn’t be …
Euro in Free Fall Again While Dollar Rebounds on Strong NFPRead More
EUR/USD Outlook: The Euro Could Collapse after Break of Key Supports at 1.1000/40
The Euro fell below 1.10 on Friday, dragged by fresh fall in stock markets on increased risk aversion, as fears over the war in Ukraine rise after the Russian forces seized the biggest nuclear plant in the Europe and growing concerns about the impact of sanction on Russia to the bloc’s economy. Eventual break of …
EUR/USD Outlook: The Euro Could Collapse after Break of Key Supports at 1.1000/40Read More
Oil Price Moved into a Positive Zone above $105 Resistance
Crude oil price started a fresh increase above the $100.00 resistance against the US Dollar. The price even accelerated higher above the $105 resistance to move into a positive zone. It traded as high as $114.52 before correcting lower. The price is now consolidating near the $108.00 level and the 50 hourly simple moving average. …
Oil Price Moved into a Positive Zone above $105 ResistanceRead More
Euro Still in Decline, No End in Sight Yet
Markets sentiment took another dive on reports of Russia’s attack on a nuclear complex in Ukraine. Euro is extending recent decline, together will steep selloff in Asian stocks. Meanwhile, Australian Dollar is solidifying upside momentum, taking New Zealand Dollar higher too. Dollar remains mixed and will look into non-farm payroll report from the US. But …
February jobs report expected to show strong labor market continuing with solid wage gains
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The economy was likely to have added jobs at a healthy pace in February and wages gains were strong. The February employment report, released at 8:30 a.m. Friday, is …
February jobs report expected to show strong labor market continuing with solid wage gainsRead More
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