Robust U.S. employment growth expected in March, jobs deficit remains large

© Reuters. FILE PHOTO: Construction workers wait in line to do a temperature test to return to the job site By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers likely stepped up hiring in March amid increased vaccinations and more pandemic relief money from the government, which would cement expectations for a boom that could push […]

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Forexlive Americas FX news wrap: Oh Canada! Canada employment number surprise

Forex news for North American trading on October 9, 2020. Oh Canada!  The US employment data was released last Friday, so Canada had all the attention to itself today when they released their jobs report for the month of September. The numbers did not disappoint. The net change in employment rose by 378.2K vs. expectations of 150K.  Most of the job gains were in full-time employment with […]

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ADP employment and GDP coming up on the North American calendar

It’s month end It’s the final day of September and that gets us one day closer to the end of this wretched year. The mess in the debate last night and Trump’s refusal to commit to a peaceful transfer of power aren’t helping the risk tone but generally markets have taken it in stride. Aside […]

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Dollar Slips Back; Sterling in Focus After Employment Data

© Reuters. By Peter Nurse Investing.com – The dollar edged lower in early European trade Tuesday, with traders keeping a risk-on tone ahead of this week’s Federal Reserve meeting.  At 3:05 AM ET (0705 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 92.920, with […]

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Dollar Edges Higher Ahead of U.S. Employment Release

© Reuters. By Peter Nurse Investing.com – The dollar traded marginally higher in early European trade Friday, with traders cautious ahead of the release of U.S. jobs data that could shed some light on the strength of the country’s economic recovery. At 2:50 AM ET (0650 GMT), the Dollar Index, which tracks the greenback against […]

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“Absurd” Employment Situation in the US and Possible Consumption Shock in August

The rally in equities was brought to a halt with mild retracement in the US stocks observed on Thursday. Asian and Europe equities followed suit today, erasing from 0.1 to 1.5%. The driver of declines is largely a precautionary sell-off as Trump is going to lay out a plan today on how he is going […]

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US employment data will highlight the economic events and releases today

The US is expected to lose about 22M jobs At 8:30 AM ET/1230 GMT, the US Labor Department will release the employment statistics for the month of April.  Buckle up. The numbers will be a historic.  However, the markets seem to be accepting of historically weak data, as traders look toward the future as opposed […]

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Here is a forecast of -90,000 for the Australian March employment report (& preview)

The March 2020 Australian labour market survey was conducted in the earlier part of March prior to the lock down restrictions really hitting. Data release due at 0130GMT   I posted expectations earlier: Employment Change: K expected -30K, prior +26.7K Unemployment Rate: % expected 5.4%, prior 5.1% Full Time Employment Change: K prior was +6.7K […]

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USD/CAD Rebounds From Lows Ahead of US Employment Data

Talking Points: The USD/CAD is rebounding from monthly lows ahead of this Friday’s release of key US employment data. The US Change in Non-Farm Payrolls (May) is expected in at 180k, and the US Unemployment Rate (May) is expected at 4.4%. As high importance events on this week’s economic calendar, their release is expected to […]

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