April experienced another solid increase in jobs at 428,000 compared to the forecast of 390,000 despite the business struggling to find suitable staff. Although wage pressures were not as intense as expected, this is likely to be a temporary lull as labor market tightness will keep upward pressure on inflation.
Lately, a report from yahoo finance relayed that half of the United States metro area has recovered jobs lost swiftly to the pandemic drift that almost cut off the engine of the economy. A huge compositional shift was seen across the Dallas city, Salt Lake City, San Phoenix, Nashville city with Austine and the Texas city toping the recovery chart.
The strength in the job market reported by the Labor department may push the Federal Reserve to further raise interest rates at its next policy meeting in May, according to the Fed Chair, Jerome Powell; U.S central bank must move expeditiously to raise rates and possibly more aggressive to keep high inflation from becoming entrenched.
Lately, a report from yahoo finance relayed that half of the United States metro area has recovered jobs lost swiftly to the pandemic drift that almost cut off the engine of the economy. A huge compositional shift was seen across the Dallas city, Salt Lake City, San Phoenix, Nashville city with Austine and the Texas city toping the recovery chart.
The last employment report released from the Australian Bureau of Statistics (ABS) saw a continuous spark in recovery in line with its growth pattern already set in motion. In the growth trajectory, the report showed a job expansion that cuts across 11 industries with Health care and Social Assistance topping the chart by 26.2% from the onset of the pandemic.
Retail sale is an economic indicator in the United States that keeps inventory of the demand for finished goods, by measuring the purchases of durable and non-durable goods over a defined time. It is the primary gauge of consumer spending, which accounts for the majority of the overall economic activities.
The year kicked off with gains across virtually all retail sectors, U.S. retail sales excluding auto increased 7.2% year over year, with online sales growing 10.4% compared to this time last year, even with the shadow of Omicron and elevated inflation, consumer spending was sustained by pent-up savings, wage growth and continued reopening of the economy.
The non-farm payroll (NFP) report is a key economic indicator for the united states. It is intended to represent the total number of paid workers in the U.S excluding farm employees, government employees, private household employees, and employees of non-profit making organizations. The report is released every first Friday of a new month by the Bureau of labor statistics and is among the most market-moving data points for US Dollars, US equities, Treasuries, and Gold.
The strength of the economy last year stood in stark contrast to the collapse in activity in early 2020, but also speaks to the success of both the public and private sectors in quickly adapting to the unprecedented challenges created by the pandemic, that being said, potential headwinds still exist, as the global risks associated with COVID-19 pandemic persist.
The New Zealand economy is a strongly advanced free market economy ranked 63rd-largest in the world purchasing power parity (PPP) and 52nd-largest national economy by nominal GDP. What opened the core that made the nation great is strongly tied to productivity gain, strong institutions, and robust economic fundamentals
The Overnight Rate is the interest rate at which major financial institutions in Canada borrow and lend overnight funds among themselves.
Short-term interest rates are predominant factors in currency valuation. This is highly correlated with the economic outlook as its changes can impact both inflation and recession.
Two years into the COVID-19 pandemic, government responses still have gaps that fail to include some small businesses hit hardest by lockdowns and renewed restrictions tied to the Omicron wave, as Canadian restrictions to tackle COVID-19 will likely come at a cost of slower economic growth at the start of the year than other developed economies, notwithstanding that has not stopped investors from raising bets on interest rate hike.
With the Bank of Canada set to be the first major central bank to hold its first policy meeting of 2022, Experts are expecting an interest rate rise of at least 25 basis points to 0.5% which has remained at 0.25% after it was lowered from 1.75% in March 2020, as Senior economist Jean-Francois Perrault believes central Bank of Canada could be forced to act sooner than anticipated and forecast rate to hit 2% by the end of 2022.
What opened the core that drove the Australian labour market towards a full recovery pattern is strongly tied to productivity gains, strong institutions, and robust economic fundamentals
The United States economy is booming even though collective anxiety levels remain uncomfortably high as still elevated levels of COVID-19 cases and deaths have kept the virus a central consideration for many households, as consumers are no longer receiving stimulus money, and inflation is at its highest in decades.
Despite concerns about supply chains, inflation, and the pandemic, fundamentals are generally strong, and households have continually proved resilient in their spending over the past few months. Consumer expectations about the labor market are decidedly optimistic, and Americans have accumulated wealth via stimulus and asset holdings over the past couple of months.
Tracking the growth pattern, the United States job market has remained resilient amid the pandemic drift and recession hit. Its rebound is the strongest among the big western economies
For decades, the strength of recovery from recession is often driven by monetary policymaker’s decisions. The European Central Bank has left its interest rate low in order to push its economy towards its policy goals of maximum employment and price stability. From the outlook, the economy has continued to rebound strongly from the downturn and its Gross Domestic Product (GDP) grew with strong speculation for further growth beyond the pre-pandemic level in the near term.
Retail sale is an economic indicator in the USA that keeps inventory of demand for finished goods, by measuring the purchases of durable and non-durable goods over a defined time. It is the primary gauge of consumer spending, which accounts for the majority of the overall economic activities.
The state of the COVID-19 pandemic has determined the course of the economy since it was first discovered in March 2020, the economy has grown more resilient to the effect of the virus, as it’s clear that consumer behavior, not government restrictions had the greatest effect on economic outcomes.
Last month, the Bank of Canada signaled that it could hike its interest rates as soon as April 2022. In its deliberation, due to high energy prices and supply chain bottlenecks, they speculated that inflation would stay above 4.8% target in the long-term next year and then ease to 2.1% in the fourth quarter of 2022. In response to the hawkish statement, the Canadian Dollar gained higher at 0.4% against the US Dollar(greenback).
The Reserve Bank of Australia last month held its Official Cash Rate at 0.10% after it was changed to 0.25% in the month of November 2020, as early glimpses of a rising rate appear more likely, of which Philip Lowe, Governor of the Reserve Bank of Australia is currently using to spur wage rises and help return inflation to its target rate of 2% to 3%. As it is widely expected to see the bank scale back the weekly pace of purchases from the current A$4 billion (2.8 billion) amid an improved outlook, supply constraints in the local bond market, and signs that the Federal Reserve will quicken its taper decision.
The non-farm payroll (NFP) report is a key economic indicator for the united states. It is intended to represent the total number of paid workers in the U.S excluding farm employees, government employees, private household employees, and employees of non-profit making organizations. The report is released every first Friday of a new month by the Bureau of labor statistics and is among the most market-moving data points for US Dollars, US equities, Treasuries, and Gold.
The economic recovery in recent months has been marvelous even though it has been based on the anticipation that the world would be able to keep ahead of the virus which appears to have resurfaced again in the last few days.
The New Zealand’s economy is booming and its housing market is flourishing. Overwhelmingly, the economy has thrived through the recovery phase and now steaming for a further upswing in growth
Retail sale is an economic indicator in the USA that keeps inventory of demands for finished goods, by measuring the purchases of durable and non-durable goods over a defined period of time. It is the primary gauge of consumer spending, which accounts for the majority of the overall economic activities.
United States retail sales for the month of October stood at 0.7% compared to the forecast of -0.2%, although fears that supply constraints could disrupt the holiday shopping season amid a continued shortage of goods.
The Australian economy has remained resilient in the pandemic phase despite the global sharp growth decline. Since the recession hit, the Australian Dollar has maintained ground, outperforming many other currencies by smashing a series of multi-month highs.
Official Bank Rate is the interest rate that the Bank of England (BOE) pays commercial banks for reserve account deposits. This operation provides a bulk of liquidity to the banking system as short-term interest rates are a paramount factor in currency valuation, which is highly correlated with the economic outlook because its changes can affect both inflation and recession. The expectation for November 3rd meeting is that the BOE will deliver a 15-basis points rate rise to 0.25% given the heightened concerns over inflation, although the risk is that the BOE will not match the hawkish expectations priced in, given that money markets are currently looking for the most aggressive tightening cycle.
Ahead of the Federal Oder Market Committee (FOMC) meeting on the monetary policy review today by 7 pm (GMT + 1), the US Dollar experienced a mixed performance but resolved and it’s gaining with acceleration to the upside.
Short-term interest rates are a paramount factor in currency valuation. This is highly correlated with the economic outlook because its changes can affect both inflation and recession.
Last month, the Non-Farm Payroll release drove the US Doller Index to the downside by some percentage point. This was triggered by a modest selling pressure as a result of the job data released that missed the market expectation by a wide margin. Commodities such as gold (XAUUSD) and Silver XAGUSD) gained momentum with slight upside gains. In the same order, EURUSD and GBPUSD were not left out of the ride as they edged higher in a decent bull run to 1.15852 and 1.36579 price levels respectively. In the report, the US job market rose by 194,000 in September, less than the market expectation of 500,000.
The New Zealand Unemployment Rate is the percentage of the total workforce in New Zealand that is unemployed and actively seeking employment during the previous month. It is a lagging indicator, meaning that it generally rises or falls in the wake of changing economic conditions.
New Zealand rebounded strongly from a recession last year, largely due to its success in eliminating the coronavirus within the borders and reopening its domestic economy well before other advanced nations. The country had been virus-free for months until an outbreak of the highly infectious Delta strain in August.
since March 2016, the European Central Bank (ECB) interest rate was kept relatively low at 0.00% in response to the great recession hit that affected the European Union, the developed and emerging economies. Presently, the interest rate is still maintained low and it is expected to be sustained at that level till full recovery and the core ECB monetary policy goals are met.
The Overnight Rate is the interest rate at which major financial institutions in Canada borrow and lend overnight funds among themselves.
Short-term interest rates are predominant factors in currency valuation. This is highly correlated with the economic outlook as its changes can impact both inflation and recession.
With over 75% of the eligible population being fully vaccinated, the Canadian economy has been re-opening over the past few months, after a strong rebound was recorded at the start of the year following significant losses in 2020, but has since slowed through the spring and summer largely due to the effect of the Delta variant.
The US retail sales released last month shows a positive rapid sales increase by 0.7% driven by a surge in online purchases. In the growth trajectory, the sales figure rebounded from the previous low of -1.8% before gaining a strong footing.
The Australian Unemployment Rate is the percentage of the total workforce in Australia that is unemployed and actively seeking employment during the previous month.
Its impact is indicative of the economic outlook because the number of unemployed people is an important signal of overall economic health and consumer spending is highly correlated with labor-market conditions
The Non-farm payroll (NFP) is a monthly measure of United States labor market health, released every first Friday of the month by the Bureau of Labor Statistics. It is a key economic indicator for the United States economy and among the most market-moving data points for the US Dollar, US equities, Treasuries, and Gold.
Short-term interest rates are a paramount factor in currency valuation. This is highly correlated with the economic outlook because its changes can affect both inflation and recession.
In the second quarter, the New Zealand economy maintained a steady accelerating growth pattern. In its growth trajectory, external demand experienced a surging increase, and its stocks and equities edged higher with New Zealand Dollar (NZD) staying resilient in gains smashing multi-points resistance levels. Currently maintaining gains above 0.69560 price point.
The Cash Rate is the interest rate that the Reserve Bank of Australia (RBA) charges commercial banks for a loan. This operation provides a bulk of liquidity to the banking system. Short term interest rates are the paramount factor in currency valuation as it is highly correlated with the economic outlook because its changes can have an impact on both inflation and recession. The core objective of RBA is to set lay down policies aimed at achieving stable inflation, maintain financial stability, full employment, and contribute to the economic development and wealth of the inhabitants of Australia.
For decades, the Bank of England has utilized the official bank Rate as its mechanism to achieve the dual mandate of controlling inflation within the optimal range, maintaining price stability and keeping employment near its maximum sustainable level as defined in the Remit.
Federal Fund Rate is the interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight. This operation provides a bulk of liquidity to the banking system.
Short-term interest rates are a paramount factor in currency valuation. This is highly correlated with the economic outlook because its changes can affect both inflation and recession.
In august 2021, the US Retail Sales declined -1.1% month-over-month from the previous 0.7% percentage base, as spending shifts to the service sectors following economic reopening and traveling picks up. It has maintained a diminishing growth pattern after a huge Retail Sales released figure in April with 9.8% increase.
The Australian Unemployment Rate is the percentage of the total workforce in Australia that is unemployed and actively seeking employment during the previous month. Its impact is evident in the economic outlook because the number of unemployed people is a significant indicator of the overall economic health, as consumer spending is highly correlated with labor market conditions
Canada’s growth pattern has been in pace consistent with the developed nations. Tracking its growth trajectory through series of global recession, the economy was often seen roaring back with progressive move and job market upside bounce. On the first wave of the virus hit, more than two million people were left unemployed and rising risk sentiment took its tool. The Canadian dollar index declined rapidly and smashed series of successive support zones.
The European Main Refinancing Rate is the interest rate banks pay when they borrow money from the European Central Bank (ECB) for one week. This operation provides a bulk of liquidity to the banking system. Short-term interest rates are the paramount factor in currency valuation as it is highly correlated with the economic outlook because its changes can impact both inflation and recession.
Overnight Rate is the interest rate in which the major financial institutions in Canada borrow and lend overnight funds among themselves.
For decades, the Bank of Canada has used the interest rate as a strong driver towards attaining its policy objectives. The three of Its core monetary policy goals are maximum employment, Price Stability and Moderate long-term interest rates.
The Cash Rate is the interest rate that the Reserve Bank of Australia (RBA) charges commercial banks for a loan. This operation provides a bulk of liquidity to the banking system. Short term interest rates are the paramount factor in currency valuation as it is highly correlated with the economic outlook because its changes can have an impact on both inflation and recession
The Non-Farm Payroll (NFP) is a monthly measure of the United States labor market health, released every first Friday of the month by the Bureau of Labor Statistics.
Retail is an economic indicator that tracks consumer demand for finished goods by measuring purchases of durable and non-durable goods over a defined period of time. It is the primary gauge of consumer spending; an accurate measure of retail sales is vital for gauging the economic health of the United Kingdom because consumer spending accounts for the majority of the overall economic activity. Data on retail sales is compiled once a month by the office for national statistics.
Retail sale is an economic indicator that tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time. An accurate measure of retail sales is vital for gauging the economic health of the United States because consumer spending accounts for two-thirds of gross domestic product (GDP). Data on retail sales is compiled once a month by the U.S Bureau of the census.
The January Non-Farm Payroll (NFP) report is a key economic indicator for the United States. It is intended to represent the total number of paid workers in the United States excluding farm employees, government employees, private household employees, and employees of non-profit making organizations.
Promises of job creation, national debt reduction and the creation of a strong national economy are more often than not the bedrock of election campaigns by politicians bidding for elected positions.
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