Category: Jobs
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Week Ahead in FX (Nov. 11 – 15): U.S. Inflation And Global Jobs Data To Take Center Stage
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Get ready for another action-packed trading week, Forex friends! Important data this week includes US inflation reports, the labor market from the UK and Australia, and China data that could shake market sentiment. But before all that, make sure you are aware of the global market movements and key currency…
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Asda cuts jobs and mandates office attendance amid turnaround efforts
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Asda is mandating head office staff to work on site at least three days a week, while also announcing job cuts to streamline operations and stabilize its market position. The changes, sent in an internal email by interim chief executive Lord Rose, affect more than 5,000 employees in Leeds and…
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Week Ahead in FX (Oct. 28 – Nov. 1): Global GDP and Inflation Reports, Plus BOJ and U.S. Jobs Updates
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With a full slate of GDP, inflation, and central bank updates, markets are bracing for a whirlwind of economic insights this week. With the Bank of Japan, global data and US jobs numbers coming in, traders will be studying each report for clues about future interest rate paths and growth…
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AUD Sharply Higher as Australian Economy Added 64.1K Jobs in September
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Australian jobs numbers for September were mostly in the green, with the economy reporting a much faster pace of hiring for the month at 64.1k versus an expected increase of 25.2k. This was enough to keep the unemployment rate at 4.1% instead of the expected reading of 4.2%. The previous…
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FX Watch: AUD/NZD and AUD/CHF Bullish Setups on Tight Aussie Jobs Data
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Our events guide to the September Australian jobs report suggests that jobs growth may continue, albeit at a slower pace. Stronger than expected numbers will support the RBA’s stance that the labor market remains tight, giving the central bank more reason to stick to its less pessimistic bias compared to…
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FX Watch: AUD/NZD and AUD/CHF Bullish Setups on Tight Aussie Jobs Data
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Our events guide to the September Australian jobs report suggests that jobs growth may continue, albeit at a slower pace. Stronger than expected numbers will support the RBA’s stance that the labor market remains tight, giving the central bank more reason to stick to its less pessimistic bias compared to…
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International Investment Summit delivers £63bn boost and 38,000 jobs for the UK
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The UK is set to create nearly 38,000 jobs and attract £63 billion in investment following the International Investment Summit, which focused on infrastructure, technology and net zero initiatives. This year’s record total is more than double the £29.5bn secured at last year’s Global Investment Summit. The government attributed the…
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International Investment Summit delivers £63bn boost and 38,000 jobs for the UK
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The UK is set to create nearly 38,000 jobs and attract £63 billion in investment following the International Investment Summit, which focused on infrastructure, technology and net zero initiatives. This year’s record total is more than double the £29.5bn secured at last year’s Global Investment Summit. The government attributed the…
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USDCAD bounces after stronger jobs report on Friday. Trend higher continues. What next?
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USD/CAD bounces higher after some strengthening on Friday following a stronger than expected Canadian jobs report. Technically, the price has moved into the swing zone between 1.3784 and 1.38036 (see red numbered circles on the chart below). That zone goes back to April 2024. The price also moved away from…
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Thousands of UK Boeing jobs at risk as manufacturer plans global cuts
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More than 4,000 Boeing employees in the UK face uncertainty, as the US aerospace giant prepares to cut 17,000 jobs globally, nearly 10% of its workforce. Boeing’s UK operations, including its only European manufacturing facility in Sheffield, may be affected by significant job cuts, as the company faces financial challenges.…
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USDCAD is snapping back higher after a stronger jobs report. Buyers back in control
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USD/CAD has been trending higher since bottoming on October 2 near 1.3472. Momentum over the past eight trading days has pushed the price to a high of 1.37826. Taking that price to the bottom of the next targeted swing zone between 1.3784 and 1.38036 (back to April 2024 – see…
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Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances By Reuters
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Written by Alison Lambert and David Shepardson (Reuters) – Boeing Co plans to cut 17,000 jobs – 10% of its global workforce – delaying the first deliveries of its 777 – Long strike. CEO Kelly Ortberg said in a letter to employees that the significant downgrade was necessary “to adjust…
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Forexlive Americas FX news wrap: Canadian jobs beat but CAD down for eighth day
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Markets: Gold rose $26 to $2,655 The yield on US 10-year bonds fell by one basis point to 4.08%. West Texas Intermediate crude fell 30 cents to $75.56 The New Zealand dollar advances, and the Japanese yen lags The S&P 500 rose 0.7%, reaching a new record high Friday has…
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More from Fed’s Musalem – Jobs report did not cause a change in outlook
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Strong jobs report to lift cyclical stocks, says Morgan Stanley By Investing.com
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Investing.com – Resilient U.S. labor market data and expectations for a series of quarter-point interest rate cuts from the Federal Reserve warrant a shift into cyclical stocks, according to analysts at Morgan Stanley. In a note to clients on Monday, analysts added that following the jobs numbers, investors have become…
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Asian shares climb after blockbuster US jobs report
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Asian stocks rose on Monday after a surprise rally Strong US jobs report This led to increased optimism about the economy, which led to higher prices on Wall Street. US futures fell and oil prices also fell. Japan’s Nikkei 225 index rose 1.9% to 39,354.63 after the yen fell against…
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Goldman Sachs on well above expectations US jobs report, see a 25bp Fed November rate cut
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Data linked from here: The jobs report came out very clear, beating even the highest estimates: (Note: If you don’t read posts like this from Giuseppe and I before important US economic releases, you will be blind) I’ve already posted some responses: And if you haven’t seen it, Goldman Sachs…
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Fed’s Goolsbee: This is a super jobs report
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The end of the port strike is another good news The Fed doesn’t want to interact too much with a single data point If we get more jobs reports like this, we will be more confident that we are stabilizing at full employment A strong jobs report likely means strong…
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USDCHF breaks out. The pair surges outside the “Red Box” after stronger US jobs report
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The US jobs report sent USD/CHF finally out of the bullish and bearish trading range that had mostly confined the pair between 0.8399 and 0.85368. The price was trading near 0.85166 before the report was released, and has now risen to 0.8607. At the top, the price experienced a 61.8%…
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Strong jobs report propels dollar to best week since 2022 By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar jumped to a seven-week high on Friday and was on track to record its best week since September 2022 after a surprisingly strong September jobs report prompted traders to scale back their bets that the Federal Reserve would raise $50.…