US JOLTS Job Openings measures the change in the number of employment openings, excluding the farm industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible JOLTS outcomes for USD/JPY. Published on Wednesday at 14:00 GMT. Indicator Background Job creation is one of … “USD/JPY: Trading the US JOLTS Job Openings”
Month: June 2016
Euro Clings to Recent Gains as German Factory Orders Slip
Euro is clinging to some of its gains from the end of last week, even after the latest news on German factory orders. Even though the 19-nation currency seems to be holding on for now, there are some downside risks that could impact the euro in the coming days. Euro is still logging gains against its major counterparts, although there are some signs that the 19-nation currency could slip … “Euro Clings to Recent Gains as German Factory Orders Slip”
NFP a disaster, but the Fed might want to find
In an interview with Jordi Martinez at FXStreet we discussed the impact of the Non-Farm Payrolls, the sterling volatility of sterling, the antipodean currencies and other topics. here goes: What’s your take from the NFP release? Does it eliminate the chance of a Fed rate hike in June or July? The NFP is undoubtedly a … “NFP a disaster, but the Fed might want to find”
EUR/USD, USD/JPY: ‘The BLS Has Shot The Albatross’ –
The poor jobs report in the US left the dollar vulnerable and other currencies celebrating against the greenback. What’s next? Here is their view, courtesy of eFXnews: The BLS has shot the albatross: The market reaction to the jobs data is to abandon HMS RateHike, stuck in the Doldrums, and head for the life-rafts. Those friendly economic … “EUR/USD, USD/JPY: ‘The BLS Has Shot The Albatross’ –”
Dollar Sinks Against Most Currencies by Weekend
The US dollar sank against the majority of most-traded currencies by the end of the past trading week due to the overwhelmingly negative US employment report. The only major currency that was even weaker than the greenback turned out to be the Great Britain pound. Ahead of the event, things looked good for the US currency as traders were betting on an interest rate hike in the near future. Yet everything has changed after non-farm payrolls showed … “Dollar Sinks Against Most Currencies by Weekend”
Aussie Rises vs. Greenback, Little Changed vs. Other Majors
The Australian dollar climbed against its US peer together with other currencies today but moved just a little versus such majors as the euro and the Japanese yen. The surprisingly poor employment report from the United States sent the greenback down against its rivals. The Aussie was not an exception. Domestic data was also helpful with the services PMI rising in May. Yet all the confusing on the market caused by the US … “Aussie Rises vs. Greenback, Little Changed vs. Other Majors”
South Africa Keeps Investment Grade, USD/ZAR Dips
The South African rand climbed more than 3% against the US dollar today as Standard & Poor’s kept the nation’s credit rating at an investment grade. The terrible employment data from the United States also helped the rand to gain on the greenback. S&P maintained South Africa’s sovereign rating at BBB-, albeit with negative outlook. Ahead of the announcement, many economists had been concerned that the agency would slash the rating. The rand … “South Africa Keeps Investment Grade, USD/ZAR Dips”
Shockingly Low Payrolls Supports Our Call For No Fed
The horrible NFP doesn’t bode well for rate hikes. Here is the view from BNP Paribas: Here is their view, courtesy of eFXnews: The shockingly low payrolls gain in May provides further evidence that the economy is showing clear signs of slowing and supports our view for no rate hikes this year. Just 38,000 jobs were added … “Shockingly Low Payrolls Supports Our Call For No Fed”
CAD Trades Mixed Today, But Weakness is Expected
Canadian dollar is trading mixed today against its major counterparts. However, some analysts and Forex traders think that the loonie will experience near-term weakness on economic data. Today, the loonie is moving higher against the US dollar as well as the UK pound. Disappointing news out of the United States with regard to jobs data is resulting in a dollar crash that is benefiting the loonie. Against the sterling, the Canadian … “CAD Trades Mixed Today, But Weakness is Expected”
NFP Beyond Awful — Dollar Crashes
US non-farm payrolls released today were worse than abysmal, coming out weakest since 2010. Unsurprisingly, the US dollar crashed hard after the extremely negative data. Non-farm payrolls grew just marginally by 38,000 in May. Forecasts have missed the mark completely, promising an increase by 159,000. Moreover, the previous month’s gain was revised negatively from 160,000 to 123,000. Not all parts of the data were bad as the unemployment … “NFP Beyond Awful — Dollar Crashes”