The U.K. unemployment rate fell less than expected in the August to October period, data from the Office for National Statistics showed Wednesday. The jobless rate fell to 6 percent during August to October, down from 6.2 percent seen in the May to July period. Economists had forecast a rate of 5.9 percent. During August to October, there were 1.96 million unemployed, 63,000 fewer than in the May to July period. This was ...
Trading the News: U. of Michigan Confidence Another uptick in the U. of Michigan Confidence survey may spur a further decline in the EUR/USD amid growing speculation for a Fed rate hike in mid-2015. What’s Expected: Why Is This Event Important: Positive data prints coming out of the U.S economy should continue to fuel interest rate expectations and heighten the bullish sentiment surrounding the greenback ...
- Will Seasonal Factors Spur Better-Than-Expected Retail Sales Report? Trading the News: U.S. Advance Retail Sales A pickup in Advance U.S. Retail Sales may generate short-term decline in EUR/USD as stronger consumption raises the growth and inflation outlook for the world’s largest economy. What’s Expected: Why Is This Event Important: Indeed, an ...
Trading the News: U.S. Non-Farm Payrolls The U.S. Non-Farm Payrolls (NFP) report may spark a bearish reaction in EUR/USD as market participants expected another 230K rise in employment paired with an uptick in wage growth. What’s Expected: Why Is This Event Important: A batch of positive developments may spark another near-term rally in the greenback especially as a growing number of Fed officials show ...
The construction sector in Australia fell into contraction in November, the latest survey from the Australian Industry Group and the Housing Industry Association revealed on Friday, with a PMI score of 45.4. That's down sharply from 53.4 in October, and it slides well below the boom-or-bust line of 50 that separates expansion from contraction. The decline was punctuated by a fall in activity (down 6.7 points to 47.4) and ...
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