U.S. job gains roared back in November as unemployment matched a fresh half-century low and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Stock futures and the dollar jumped while Treasuries slid. Payrolls jumped 266,000, the most since January, after an upwardly revised 156,000 advance the prior month, according to a Labor Department reportFriday that topped all estimates in a Bloomberg survey calling for 180,000 jobs. It was the first full month that General Motors Co. workers returned to work...
AUD's marathon of data for the week has continued today with the release of the October Retail Sales and Trade Balance. Note: Retail Sales was the main focus in these releases. The data arrived as follows : Imports (Oct) 0% vs prior 3%. Exports (Oct) -5% vs prior 3%. Trade Balance (Oct) 4502 M vs 6100 M expected and prior 7180 M. Retail Sales s.a. (MoM) (Oct) 0% vs 0.3% expected and prior 0.2% . AUD/USD has dumped 0.17% and counting for the session on the knee-jerk on the back of the combined disappointments in the data. Source : FX...
The US ISM Non-Manufacturing PMI for the month of November printed a 53.9 reading, half a point below the consensus expectation. The service sector business survey adds to the bunch of negative releases coming from the United States this week, after disappointments from the ISM Manufacturing PMI and the ADP Employment Report. The US dollar extended its losses after the release, with EUR/USD touching 1.1110 before retracing back just below 1.11 and GBP/USD making new multi-month highs at 1.3115 at press time. Despite the negative generic reading, there were some green lights in the report,...
ADP's Employment Change figures for November came out at 67,000, well below expectations for an increase of 140,00. Moreover, October's figure was revised down to 121,000 from 125,000. Some suspect that the gap stems from calculations related to the strike at General Motors. Nevertheless, this is the second significant miss in a top-tier US figure this week. ISM Manufacturing PMI fell short of expectations with 48.1 points. The US Dollar is on the back foot with GBP/USD extending its gains to 1.31 and EUR/USD getting closer to 1.11. Source : FXstreet
Australias Q3 national accounts in the Gross Domestic Product has been released. Prior to the data, analysts at Westpac had noted that," growth over the year to Q2 was just 1.4%, the slowest pace since 2009 and revealing that the economy was declining in per capita terms," arguing that, "favourable base effects should ensure that annual growth at least improves. Gross Domestic Product (YoY) (Q3) 1.7 % vs exp 1.7 % (prior 1.4 %). Gross Domestic Product (QoQ) (Q3) 0.4 % vs exp 0.5 % (prior 0.5 %). Source : FX Street
The November Caixin China Manufacturing PMI (Markit, sponsored by Caixin) has been released which follows a surprise weekend Manufacturing PMI which recorded its first expansionary print in six months. The weekend data was moving back above 50, reflecting that manufacturing activity has improved from contraction to expansion sparking a bid in risk-on fx and in the Aussie. The Caixin China Manufacturing PMIâ„¢, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector...
A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction.
The manufacturing purchasing...
The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs even before negotiations with China unraveled and he...
Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services.
A flash reading of the country's composite Purchasing...
Presiden AS Donald Trump mengatakan China telah setuju untuk "mengurangi dan menghapus" tarif terhadap mobil-mobil Amerika dari 40 persen saat ini.
Dia tidak memberikan rincian lain dalam tweet-nya...