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Fundamental Forex Analysis

1.48 million Americans applied for unemployment benefits last week

Weekly Initial Jobless Claims came in slightly higher than the market expectation. US stock index futures remain deep in the negative territory. There were 1,480,000 Initial Claims for unemployment benefits in...

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Fundamental Forex Analysis

1.5 million Americans applied for unemployment benefits last week

There were 1,508,000 Initial Claims for unemployment benefits in the US during the week ending June 13th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the p...

Employment increased by 290K in May, Unemployment Rate edged higher to 13.7%
Fundamental Forex Analysis

ADP Employment Change surges to 208.4K in May vs. -280.3K expected

ADP Employment Change in Canada rebounds sharply in May. USD/CAD pair stays flat on the day above mid-1.3500s after the data. Employment in Canada increased by 208,400 from April to May, the monthly data publi...

Second wave to keep continuing jobless claims near 20 million – Reuters poll
Fundamental Forex Analysis

Second wave to keep continuing jobless claims near 20 million – Reuters poll

According to the latest Reuters poll, the US weekly initial, as well as continuing filings for the employment benefits, are likely to remain at higher levels, in the face of the second-wave of coronavirus induc...

USD/CAD barely reacted to better than expected job data – TDS
Fundamental Forex Analysis

Recovery in payroll jobs continued through May – ABS

According to the latest employment data published by the Australian Bureau Of Statistics (ABS) on Tuesday, the country’s payrolls rose 0.4% between the week ending May 23 and May 30. Additional details Total w...

Job Openings in February fell to 6.9 million vs. 6.6 million expected
Fundamental Forex Analysis

1.54 million Americans applied for unemployment benefits last week

Weekly Initial Jobless Claims in the US edged lower to 1.54 million. US Dollar Index clings to recovery gains near 96.40 after the data.   There were 1,542,000 Initial Claims for unemployment benefits in the U...

Job Openings in February fell to 6.9 million vs. 6.6 million expected
Fundamental Forex Analysis

US weekly jobless claims seen declining further – Reuters poll

According to a Reuters survey of economists, the US labor market situation is improving, but millions continue to draw unemployment benefits, the US weekly Jobless Claims data is likely to show later on Thursda...

Swiss Unemployment Rate ticks higher to 3.4% in May vs. 3.7% expected
Fundamental Forex Analysis

Swiss Unemployment Rate ticks higher to 3.4% in May vs. 3.7% expected

In May, Switzerland’s Unemployment Rate rose to 3.4% compared to +3.3% booked in April, as per the latest data published by the Federal Statistics Office on Tuesday. Markets predicted the jobless rate to tick h...

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Fundamental Forex Analysis

USD/CAD drops to fresh 3-month lows, around 1.3400 mark post-US/Canadian jobs reports

USD/CAD remained depressed through the early North American session on Friday. Stellar NFP report lifted the USD, albeit did little to provide any respite to the pair. Rallying oil prices, upbeat Canadian jobs ...

Employment increased by 290K in May, Unemployment Rate edged higher to 13.7%
Fundamental Forex Analysis

Employment increased by 290K in May, Unemployment Rate edged higher to 13.7%

Employment in Canada unexpectedly increased by 290K in May. USD/CAD fell toward 1.3400 with the CAD gathering strength on upbeat data. Employment in Canada rose by 290,000 in May, the data published by Statist...