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US Labor Market Strength Continues: September Nonfarm Payrolls Soar To 336,000, Far Exceeding Estimates
Friday, October 6, 2023 - 8:36am | 178The jobs report published Friday continues to depict a strong picture, indicating the enduring tightness in the U.S. job market persists. In September, non-farm payrolls (NFPs) rocketed to 336,000, marking a sharp increase from the upwardly revised August figure of 227,000 and far exceeding...
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Labor Market's True Strength Under Microscope: Analyst Expects 500,000 Fewer Payrolls Wednesday
Tuesday, August 22, 2023 - 3:21pm | 488The Bureau of Labor Statistics is set to release the preliminary estimate of the upcoming annual benchmark revision to payroll data on Wednesday. The benchmark revision aligns jobs data with the precise Quarterly Census of Employment and Wages (QCEW), derived from state unemployment insurance...
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July's Mixed Jobs Report: Payrolls Miss Estimates, Unemployment Rate Dips, Wages Surpass Expectations
Friday, August 4, 2023 - 8:48am | 423The U.S. labor market continues to show strength and resilience, as highlighted by the July jobs report released Friday. Despite soaring interest rates reaching levels not seen in over 20 years, American businesses persisted in increasing their workforce in July, albeit at a slower rate than...
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April Jobs Report Comes In Hot: 5 Economists Discuss Fed's Next Step, Interest Rate Risks
Friday, May 5, 2023 - 12:05pm | 620The U.S. job market report for April was unexpectedly stronger than anticipated, with 253,000 non-farm payrolls (NFP) added compared to 180,000 expected, the unemployment rate falling to a 50-year low of 3.4%, and wage gains accelerating more rapidly than anticipated. Conditions in the...
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Friday's Jobs Number Could All But Guarantee The Federal Reserve Takes Its Foot Off The Gas On Inflation
Thursday, May 4, 2023 - 2:32pm | 661Key jobs data is due Friday, and recent numbers suggest the labor market remains tight. Here's a look at what you need to know ahead of Friday's print. Friday's Jobs Report: The Bureau of Labor Statistics is set to release the April nonfarm payrolls ...
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'Extreme Measures Of Sentiment': Stock Market Update For The Week Ahead
Sunday, November 29, 2020 - 7:59pm | 1277The Past Week, In A Nutshell What Happened: In an extension of the sharp rotation out of safety on a sustained economic rebound after the COVID-19 coronavirus pandemic, stretched sentiment propelled stocks to record closing highs. Remember This: “We are starting to see some extreme measures...
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'Natural Period Of Consolidation': Stock Market Update For The Week Ahead
Sunday, September 27, 2020 - 7:20pm | 1957The Past Week, In A Nutshell What Happened: Last week ended negative with mega-cap and technology stocks regaining strength into week-end. Remember This: “Markets had embedded substantial optimism in early September, with the valuation of the S&P 500 at the highest level in 20 years and...
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Stock Market Update For The Week Ahead: 'How Long Can Tech Lead?'
Sunday, June 28, 2020 - 6:53pm | 2192The Last Week In A Nutshell What Happened: “The S&P 500 is up 1.3% month-to-date (through June 25), but has struggled to push higher as it moves towards its previous peak,” said Lindsey Bell, chief investment strategist for Ally Financial, Inc-owned (NYSE: ALLY) Ally Invest. “...
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EUR/USD: Recovering To Critical Support
Monday, April 29, 2019 - 10:29am | 578EUR/USD is extending its gains after hitting new lows on Friday. The reaction to Spain's elections will make way to fresh US data. The four-hour chart shows the pair is not oversold anymore. EUR/USD extends its gains above 1.1150 after setting a new 2019 trough of 1.1110 on Friday...
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EUR/USD Forecast: A Dead Cat Bounce Or A Comeback?
Monday, April 8, 2019 - 10:11am | 569EUR/USD is trading slightly higher at the wake of a new week. Markets are digesting the NFP on a day with a light calendar. The technical picture is balanced for the pair. EUR/USD is trading above 1.1200, off the lows, but trading in a very narrow range. Is this another "dead cat bounce...
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EUR/USD Is Off The Lows As The Mood Improves On Several Fronts
Wednesday, April 3, 2019 - 10:12am | 601EUR/USD is off the lows as the mood improves on several fronts. The US calendar features two significant releases, and there's always Brexit. The technical picture is improving for the pair. EUR/USD is trading above 1.1220, emerging from the lower levels seen earlier. It enjoys a better...
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Don't Be Fooled By The April Fool's Day EUR/USD Recovery
Monday, April 1, 2019 - 9:55am | 577EUR/USD kicked off the week with a move to the upside. Euro-zone inflation and two top-tier US figures dominate. The technical picture looks bearish for the pair. EUR/USD began the week off the lows, escaping from the abyss of 1.1200. The world's most-popular currency pair holds onto...
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EUR/USD Forecast: Lost Critical Support, Downward Drift May Accelerate
Tuesday, February 5, 2019 - 12:36pm | 403EUR/USD continues moving down as the USD moves up. The global slowdown is favorable for the US Dollar. The technical picture turned bearish for the pair. EUR/USD is trading closer to 1.1400, extending its falls. The primary narrative in markets is that the US is the "cleanest shirt in...
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US Services Purchasing Managers' Index: Shutdown, What Shutdown?
Tuesday, February 5, 2019 - 12:00pm | 586US service sector expected to cool in January, economic and political cross-currents make predications difficult Non-farm payrolls were unaffected by the partial government shutdown Factory PMI indexes rebounded in January The Institute for Supply Management will release its non-manufacturing...
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EUR/USD Forecast: Losing Momentum, But Is It Ready To Fall?
Monday, February 4, 2019 - 12:07pm | 537EUR/USD is consolidating its losses and seems to drift lower. Markets are digesting the US NFP and bracing for further weak euro-zone data. The technical picture is mixed for the pair. EUR/USD is trading in the mid-1.1400s once again, consolidating its losses. The pair topped 1.1500 last...