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Employment in the U.S. rose by less than expected in the month of January, according to a report released by the Labor Department on Friday, although the unemployment rate still edged lower. The Labor Department said non-farm payroll employment climbed by 151,000 jobs in January. EURUSD M5: 133 pips range price movement by Non-Farm Employment Change news event: more...
Trading the News: U.S. Non-Farm Payrolls Another 190K expansion in Non-Farm Payrolls (NFP) may boost the appeal of the greenback as the U.S. economy approaches ‘full-employment,’ but a marked slowdown in wage growth may fuel the near-term rally in EUR/USD as it dampens bets for a Fed rate-hike in the first-half of 2016. What’s Expected: Why Is This Event Important: Even though the Federal ...
The total value of retail sales in Australia was flat in December on a seasonally adjusted basis, the Australian Bureau of Statistics said on Friday, worth A$24.759 billion. AUDUSD M5: 25 pips price movement by AUD Retail Sales news event : more...
Trading the News: Bank of England (BoE) Interest Rate Decision The Bank of England (BoE) interest rate decision is likely to reveal another 8 to 1 split as the central bank remains in no rush to normalize monetary policy, but the updated forecasts may heighten the appeal of the sterling and fuel a larger recovery in GBP/USD should the central bank highlight a greater risk of overshooting the 2% inflation target over the policy horizon. What’s Expected: ...
Trading the News: U.S. ISM Non-Manufacturing A slowdown in the ISM Non-Manufacturing survey may produce headwinds for the greenback and spur a near-term rally in EUR/USD as fears of a slowing recovery dampens bets for a Fed rate-hike in the first-half of 2016. What’s Expected: Why Is This Event Important: Even though the Federal Open Market Committee (FOMC) appears to be on course to implement ...
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