unemployment rate »

  • Forex » German Unemployment Rises Slightly
    May 28, 2014, 12:11 GMT

    There has been no change in this month’s headline unemployment rate in Germany, however a slight uptick has been detected in the numbers of those out of work. Seasonally adjusted the key Unemployment level remained at 6.7% during the month of May as anticipated. The Unemployment Change number however detected an increase of 24k in

  • Forex » Increase in Spanish Retail Sales
    May 28, 2014, 12:09 GMT

    Spanish Retail Sales numbers have come in strong this morning, the year on year figure to April is reading at 0.7% growth compared with the -0.5% contraction in March. Consensus estimates for this month were for a drop of -0.3% in this key consumer activity indicator. The Spanish economy is now firmly back on a

  • Forex » USD/JPY flat following BOJ minutes
    May 26, 2014, 17:10 GMT

    Thin trade kept the USDJPY flat Monday, as investors assessed the minutes of the latest Bank of Japan policy meetings ahead of an active week of trade dominated by US data. The USDJPY pair was trading at 101.8550, declining 0.11 percent. The pair’s initial support is likely found at 101.7800 and resistance at 102.2100. The

  • The sale of new US homes rebounded sharply in April, supporting the view the housing market was recovering at the start of the second quarter. New US home sales increased 6.4 percent in April to a seasonally adjusted annual rate of 433,000, the Commerce Department reported today in Washington. That follows a revised gain of

  • Business » US CPI Expected to Rise
    May 14, 2014, 22:02 GMT

    US producer prices rose sharply in April, further supporting the view consumer inflation is picking up after two years of very low levels. The prices of consumer goods and services in the US probably increased 0.3 percent in April, according to a median estimate of economists in a Bloomberg poll. This translates into an annualized

  • The Bank of Canada says the labour market recoveries in Canada and the United States since the recession are likely overstated, suggesting improvements in the unemployment rate may have exaggerated the performance of both countries. Canada’s unemployment rate may have “modestly” overstated the extent of the labour market’s improvement, while the US rate may have

  • The Australian dollar backtracked Friday after a progressive week saw the AUDUSD rise more than 0.8 percent. The AUDUSD declined 0.14 percent to 0.9356 after reaching a daily high of 0.9378. Technical support is likely found at 0.9346, 0.0323 and 0.9299. On the upside, technical resistance is at 0.9245, 0.9449 and 0.9472. The AUDUSD pair

  • The US dollar index rebounded sharply Friday after hitting a multi-month low, as investors reevaluated their positions amid global developments. The dollar index, a weighted average of the greenback’s performance against six major currencies, advanced 0.65 percent to 79.88. The markets were in risk-off mode Friday, as tensions in the Ukraine overshadowed market developments elsewhere.

  • H.S. Borji

    UK GDP expanded at a steady rate in the three months through April, offering further sign the economy is progressing toward its pre-recession peak. The UK economy accelerated 1 percent between February and April, its fastest pace since June 2010, the National Institute of Economic and Social Research reported today. The NIESR raised its annual

  • H.S. Borji

    Employment in Canada decreased sharply in April, defying expectations the labour market was beginning to stabilize after a prolonged period of volatility. Canadian employers shed 28,900 jobs in April, following a gain of 42,900 the prior month, Statistics Canada reported today in Ottawa. Economists expected a gain of between 12,000 and 20,000 at the start