US Employment Report Contrasts with Canada’s Supposedly Positive Shocker
US Employment Report Largely in-line with Expectations, Contrasts with Canada’s Supposedly Positive Shocker. USDCAD Drops through 1.1600.
US unemployment rate jumps to 8.9% - highest since 1983. EURUSD trades above 200-day moving average.
MAJOR HEADLINES – PREVIOUS SESSIONSwitzerland Apr. Unemployment Rate rose to 3.5% as expected and vs. 3.4% in Mar. Germany Mar. Trade Balance out at […]
Employment: Job Losses Highlight Sectoral Change in the Economy
Employment: Job Losses Highlight Sectoral Change in the Economy
Nonfarm employment fell 539,000 with declines in manufacturing, construction and services. While the declines were broad-based, they were smaller than we have seen recently. Aggregate hours declined again suggesting negative economic growth will persist in the second quarter. Unemployment rates indicate more household stress.
Employment […]
USD Mixed, ADP Employment Losses Less than Expected
USD Mixed, ADP Employment Losses Less than ExpectedUSD: Mixed, smaller than expected decline in ADP job losses boosts risk sentimentJPY: Flat, pressured in cross trade, tracking risk sentiment, Japanese markets closed until ThursdayEUR: Mixed, services PMI rises, ECB officials suggest that rate cuts and liquidity measures are workingGBP: Mixed, services PMI rises, gains limited by […]