Job growth remained strong overall in September, but declines in several sectors led to a slowdown compared to hot readings during the summer. Leisure and hospitality was the standout sector, growing by 83,000 jobs. The sector has been consistently adding jobs since the Covid restrictions in 2020 shuttered many bars and restaurants. However, the sector
The major US stock indices are still up on the week… The broader S&P and Nasdaq indices are both down over 2.2% on the day. The S&P is down -2.22%. The Nasdaq is down -2.85% That’s horrible. However, both indices still remain up on the week. Yahoo! Yippee! What a great starrt to October. A
Closing changes for the main US markets: S&P 500 down 104 points to 3639 or -2.9% Nasdaq Comp -3.8% Russell 2000 -3.2% DJIA -2.1% Toronto TSX Comp -2.35% On the week: S&P 500 +1.4% Nasdaq Comp +0.5% Russell 2000 +1.9% Toronto TSX Comp +0.4% That SPX candle was looking really nice earlier this week. Meanwhile,
Diwali festival in India, retail gold demand tends to pick up, offering a floor to global gold prices or the potential impetus to push prices seasonally higher. Several years of lower-than-expected gold demand suggest that there is room for an uptick in demand in Q4 2022 for India’s second-largest import by value. India plays a
A “Now Hiring” sign is displayed during a job fair for Hispanic professionals in Miami, Florida. Marco Bello | Bloomberg | Getty Images The unemployment rate among Hispanic workers dropped sharply in September, but that could be due to fewer eligible adults looking for a job. Hispanic workers saw their unemployment rate fall to 3.8%
EUR/USD fell sharply with the initial reaction to US jobs report. Nonfarm Payrolls in the US rose by 263K in September. The pair remains on track to end the week little changed. EUR/USD managed to erase a large portion of its daily losses but lost its recovery momentum before reaching 0.9800. As of writing, the
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FOREX QUICK: In a forex quick look video, Greg Michalowski of ForexLive.com reviews the price action in the EURUSD after the US jobs report. The corrective high off of the lows moved up to test a key technical target at the 200 hour MA. Sellers leaned. The price moved back down. The pair now looking
Markets: Gold down $16 to $1695 US 10-year yields up 6 bps to 3.88% WTI crude up $4.06 to $92.51 S&P 500 down 115 points to 3629 USD leads, NZD lags The Fed-pivot talk went down in flames today and it didn’t even take a big surprise in the jobs report. The headline was basically
Gold prices have been on the rise recently, hovering around Rs 51,000 mark. The yellow metal has gained value, rebounding after six months of consecutive decline. For the last six months prices were on a declining spree. It was the rising interest rates which was actually driving the dollar index on the higher trajectory and
Dollar rises broadly after US published another set of robust non-farm payroll job data. As Fed got a nod from the report for continuing its aggressive tightening, US stock futures are trading knocked down while treasury yields jump. Canadian Dollar is also lifted slightly by solid employment data too. In immediate actions, Euro and Swiss
The Go! Go! Curry restaurant has a sign in the window reading “We Are Hiring” in Cambridge, Massachusetts, July 8, 2022. Brian Snyder | Reuters September’s jobs report provided both assurance that the jobs market remains strong and that the Federal Reserve will have to do more to slow it down. The 263,000 gain in
The US Nonfarm Payroll report showed that the country added 265K jobs in September. Wall Street holds on to intraday losses but pared the bleeding. GBP/USD cannot bounce ahead of the weekly close, hinting at more pain ahead. Following the US monthly employment report, the American dollar rallied, pushing GBP/USD down to an intraday low
The AUDUSD is moving to a new low and in the process is testing the low of a up and down trading range. That level should find support on the dip. The 100/200 hour MAs are now topside resistance in what is an up and down market for the pair as it waits for the
BofA Flow Show: Bull & Bear indicator remains at 0.0 (Extreme Bearish) Equities (USD) US: outflows recommence, 3.4bln Europe: outflow for the past 34 weeks, 0.6bln Japan: inflows for the past two weeks, 1.5bln Fixed Income (USD) Gov’t/Tsy: inflows for the past seven weeks, 4.2bln IG: outflows for the past five weeks, 12.5bln HY: inflows
Gold price in the national capital rose Rs 37 to Rs 52,300 per 10 grams on Friday amid depreciation in rupee, according to HDFC Securities. In the previous trade, the precious metal had touched Rs 52,263 per 10 grams. Silver also gained Rs 311 to Rs 62,022 per kg from Rs 61,711 per kg. The
The forex markets are still staying in consolidative mode for now, awaiting guidance from US non-farm payrolls. For now, some Fed hawks are rather clear that there’s seeing no case for slowing down tightening yet. Fed fund futures are pricing in over 70% chance of another 75bps hike in November. But such expectations could be