Employment

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European Open: EUR/GBP hints at a swing high ahead of UK employment data

Whilst EUR/GBP has remained mostly within the range highlighted last week, subsequent price action suggests a downside break could be on the cards.

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European Open: EUR/AUD looks week ahead of German PPI

A strong employment report for Australia has sent AUD to top of the class overnight, weighing on EUR/AUD ahead of PPI data for Germany at 07:00 BST.

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European Open: WTI in focus for the US and Canada’s employment reports

There’s not a huge amount of data today, which puts the US nonfarm payroll and Canadian employment report into focus as the main calendar event.

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Research

The NFP report could grow in significance again

We’ve seen cracks appearing in the US economy in recent months. So now they’re making their way over to employment reports it puts NFP on high alert for weakness.

"Newspaper snippet of jobs board"

NFP preview: Ugly leading indicators have traders on edge

The leading indicators point to slightly below-expectation reading in this month’s NFP report...see what they're saying and possible ways to trade it!

Jobs

NFP preview: Will the jobs report tip the scales on the Fed’s decision next month?

This will be the final NFP report before the next Fed meeting in early May, where traders are currently split between expecting a 25bps and a 50bps rate hike.

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March 31, 2022 02:13 PM

Bank of Canada meeting preview: BOC inching closer to rate hikes

We expect the BOC to reiterate that the Canadian economy is on track for a full recovery next year, and that an interest rate hike cycle could begin as soon as H1...

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December 6, 2021 02:32 PM
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European Open: UK Employment in Focus for GBP Traders

Today’s employment set should gather extra attention, given comments made by BOE’s Governor Andrew Bailey yesterday.

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New Zealand jobs data to keep the pressure on AUDNZD

Commodity currencies were under pressure overnight. The Norwegian Krone (-1.42%) led the rout followed by the Australian dollar (-1.29%) with the New Zealand dollar (-1.03%) rounding out the top three.

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Australian jobs preview and where to next for the AUDUSD

Tomorrow at 11.30 am Sydney time, Australian labour force data for September is due to drop.

Currency prices

Canadian Employment Change in line as data continues to show improvement

With a string of positive jobs data from Canada, the BOC may feel like they are in a better position to continue with their tapering at the next meeting

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September 10, 2021 01:05 PM
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Asian Open: USD Extends Rally on Low Jobless Claims and Taper Talk

It seems the FOMC minutes released dollar-bull genies from the bottle this week, with employment claims adding fuel to the fire.

European Open: UK Employment, Powell and US Retail Sales in Focus

Traders will keep an eye on the UK’s claimant count for BOE clues, ahead of US retail sales and a virtual event for Jerome Powell for Fed (and therefore USD) watchers.

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What will the UK Claimant Count and inflation readings tell us?

If the data is stronger than expected, BOE members may come out more hawkish

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August 16, 2021 05:36 PM

European Open: Traders Bet on RBNZ Hike(s), ISM Service PMI in Focus

New Zealand’s strong employment report sent the Kiwi dollar firmly higher as traders now expect them to the first central bank to hike rates.

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August 4, 2021 01:38 AM
Jobs

Asian Open: The US Dollar Sits Tall Ahead of Nonfarm Payrolls

Yet whilst price action on USD is almost trying to beckon a strong Nonfarm print, it’s almost asking to get toppled over if we throw murphy’s law into the mix of leading indicators.

"Newspaper snippet of jobs board"

UK and Australian Jobs reports could spur GBP/AUD

Will the UK and Australia follow in the same steps as the US and Canada?

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June 11, 2021 01:10 PM

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Currency prices

Currency Pair of the Week: USD/CAD

USD/CAD could soon be under 1.2000!

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May 10, 2021 11:25 AM
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Asian Open: USD, Wall Street and yields lower, AU Employment next

With yields resisting a break to new highs, the US dollar slipped to a one-month low allowing antipodeans to take top spot on the leader board, ahead of today’s Australian employment report.

"Newspaper snippet of jobs board"

Canadian Jobs data solid: USD/CAD

The BOC will take note of the strong employment print, as they are currently the frontrunner to taper monetary policy!

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April 9, 2021 11:00 AM
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UK data dumped! GBP weaker

The bullish US Dollar over the past few days hasn’t helped GBP/USD either.

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March 24, 2021 09:41 AM
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UK data dump could trigger move in GBP

If trading the GBP pairs, watch for volatility around the data this week.

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March 22, 2021 03:04 PM
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What are economic indicators and why are they important?

Economic indicators give traders and investors crucial insights into the health of a country’s economy, which can impact the profitability of positions on a range of markets, including forex, stocks and indices. Discover what economic indicators are and 10 popular macro indicators to watch.