Mexican Unemployment Rate Higher
May 25, 2010 by Lawrence Fayman · Leave a Comment
Mexico Unemployment rate today increases to 5.40% vs the prior number of 4.81%. Unemployment rate at same figure as February rate.
Unemployment Rate Worse than Expected but Nonfarm Payroll Number much higher
May 7, 2010 by Lawrence Fayman · Leave a Comment
More people entering the labor market pushes the Unemployment Rate higher, but overall the data is better than expected. Census workers still will add more workers going forward. The Private numbers are impressive as were the revisions.
The dollar has gotten stronger versus the EURUSD. The USDJPY rallied but came down to support against the 100 bar moving average at the 92.19 level.
Economic Data For May 7
May 7, 2010 by Lawrence Fayman · Leave a Comment
Canada Unemployment comes in better than expected
July 10, 2009 by Greg Michalowski · Leave a Comment
Unemployment came in at 8.6% vs 8.7%
Net Change in Employment -7.4K vs -41.8K
Full time however, was down 47.5K
Part time was up 40.1K
So the mix was not as great as gains were in the Part time sector which could suggest workers are being forced to take lower paying part time jobs.
Nevertheless, the market has sold off the USDCAD (CAD$ higher) off the number.
The price action in the USDCAD has been moving sideways of late as it respects the 38.2% Fibonacci Retracement at the 1.1655 level (from the move down from the March high of 1.3062 to the low at 1.0785). The high price today occurred before the release at the 1.1662 level. The expectation for the day would be to find sellers against the level, with stops if the price moves back above this key level.
On the downside, the 100 and 200 hour moving averages need to be breached on the downside to confirm a bearish bias. The 100 hour MA comes in 1.1624. The 200 hour moving average comes in at 1.1597 currently.
NFP comes in as expected but the Unemployment rate worse than expectations. So are revisions.
March 6, 2009 by Greg Michalowski · Leave a Comment
Unemployment rate 8.1%, expected 7.9%. Highest since Dec 1983. This is consistent with the FXDD Unemployment review (click here for the report)
Manufacturing -168K Prior month revised to 257K decline. The worst since Feb 1975
Revisions to prior months have pushed the number of total jobs lost to 4.384 million.
The average job loss in this employment recession has been 313K
The average over the last 4 months is a whooping 646K
Losses are still accelerating.
NFP 651K. Prior month revised to 655K
Goods Producing: -276K
Servicing Producing -375K. The spread into Service sector continues.
The Avg Workweek remains at record lows.
Job addition Sectors:
Health rose by 26K, less than trend
Govt rose by 9K
Job Loss Sectors
Manufacturing -168K
Trade, Trans and Utilities -124K (Retail lost 39,500 jobs)
Professional and Bus Services -180K (Temporary workers lost 77K). Largest decline going back to 1960
Construction -104K
Financial -44K
Information -15K
Leisure and Hosp –33K
Mining -4K
US Unemployment and Non Farm Payroll Review
March 5, 2009 by Greg Michalowski · 4 Comments
The all important, US Unemployment statistics will be released tomorrow at 8:30 AM. The expectation is for a decline of 650K jobs and for the unemployment rate to rise to 7.9%. The data has the potential to be worse than expectations. To find out why and to have a better understanding of this important economic release, read the following analysis.
For a complete analysis of the report, click on the following link.
US Unemployment and Non Farm Payroll Special Report (626.6 KiB, 1,939 hits)
You need to be a registered user to download this file.
Thank you for your continued business and good luck with your trading.
Greg Michalowski
Chief Currency Analyst
CHF Unemployment Rate Released
February 6, 2009 by Danish FX · Leave a Comment
The CHF Unemployment Rate rose to 2.9% as forecast up from the previous 2.8%.
The CHF was softening up into this number and did not react after this data.
Forex Trading News Japanese Economic Releases (Unemployment, CPI & Industrial Production)
January 29, 2009 by Greg Michalowski · Leave a Comment
The Yen is relatively unchanged after a slew of economic releases. The data was released as follows:
Jobless Rate – Survey:4.1% Actual:4.4% Prior:3.9%
National CPI (YoY) – Survey:0.4% Actual:0.4% Prior:1.0%
National CPI ex Food & Energy (YoY) – Survey:0.0% Actual:0.0% Prior:0.0%
Industrial Production (MoM) - Survey: -8.9% Actual:-9.6% Prior:-8.5%
Industrial Production (YoY) – Survey:-20% Actual:-20.6% Prior:-16.6%
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