U.S. private sector hiring slows slightly in April, services sector expands to 57.5

U.S. companies hired workers at a slower but still-solid pace in April, while the domestic services sector grew more than expected, supporting the notion the economic expansion remains on track despite a weak first quarter, private data released on Wednesday showed. An improving labor market and faster activity in services industries last month also buttressed traders’ expectations the Federal Reserve would raise interest rates further in the coming months…

U.S. NFP misses forecasts, employers add a mere 142,000 jobs in September

Employers added a mere 142,000 jobs in September, the Labor Department said on Friday, suggesting that the American economy is losing momentum after a similarly lackluster report for the previous month. The official unemployment rate held steady at 5.1 percent, but hourly wages for private sector workers actually fell slightly after jumping by a relatively robust 0.4 percent in August…

Top 10 Weekly Forex Market Headlines – August 7, 2015

1. Greek shares plummeted on opening day after five-week shutdown August 3, Investors issued a vote of no confidence in Greece’s economy on Monday, dumping Greek stocks as trading on the Athens stock exchange resumed for the first time in five weeks. A plunge of more than 16 percent for the main Greek index and […]

Top 10 Weekly Forex Market Headlines – 06.05.2015

1. China manufacturing contracts for 3rd straight month as export orders near 2-year lows June 1, Activity in China vast factory sector shrank for a third consecutive month in May as export orders contracted at the sharpest rate in nearly two years, a private survey showed on Monday, suggesting China remains locked in an economic […]

U.S. nonfarm payrolls rose only 126,000 in March, jobless rate held steady

(Reuters) – U.S. employers added the fewest number of jobs in more than a year in March, the latest sign of weakness in the economy and one likely to further delay an anticipated interest rate increase by the Federal Reserve. Nonfarm payrolls rose 126,000 last month, less than half February’s pace and the smallest gain […]

Top 10 Weekly Forex Market Headlines – 04.03.2015

1. Yellen signals rate hikes likely to start later this year March 30, Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual. A downturn […]

Top 10 Weekly Forex Market Headlines – 2.6.2015

1. U.S. consumer spending slips 0.3% in December, largest drop since 2009 February 6, U.S. consumer spending recorded its biggest decline since late 2009 in December with households saving the extra cash from cheaper gasoline. Other data on Monday showed factory activity cooled in January, suggesting the economy may have entered the new year on […]

Top 10 Weekly Forex Market Headlines – 1.9.2015

1. U.S. crude oil breaking below $50 a barrel on supply glut January 5, The selloff in global oil markets showed little signs of slowing in the new year with U.S. crude breaking below $50 a barrel, the first time since April 2009, on fears of a supply glut. Benchmark Brent crude tumbled about 6 […]

U.S. Dec nonfarm payrolls up 252K, jobless rate drops to 5.6%

(Reuters) – U.S. job growth increased briskly in December and the jobless rate dropped to a 6-1/2 year low, but wages slipped in the latest sign a tightening labor market has yet to give much of a boost to workers. Nonfarm payrolls increased 252,000 last month after an upwardly revised 353,000 jump in November, the Labor Department said on Friday…

Top 10 Weekly Forex Market Headlines – 12.05.2014

1. Euro zone manufacturing PMI sinks to 50.1, lowest level since June 2013 December 1, Euro zone manufacturing growth stalled in November and new orders fell at the fastest pace in 19 months despite heavy price cutting, painting a bleak picture for the coming months, a survey showed on Monday. Also worryingly for policymakers at […]

Top 10 Weekly Forex Market Headlines – 11.07.2014

1. EU manufacturing sector rises to 50.6 in October as prices fall November 3, Activity in the eurozone’s manufacturing sector picked up very modestly in October, but largely because businesses cut their prices, an indication that the currency area is unlikely to soon escape a period of very low inflation. Surveys of around 3,000 manufacturing […]

Top 10 Weekly Forex Market Headlines – 10.03.2014

1. U.S. consumer spending, personal incomes rise in August September 29, Steady consumer spending and income gains have put the U.S. economy on track for solid growth in the third quarter. Household outlays rose a seasonally adjusted 0.5% in August from the prior month, rebounding from a flat reading in July, the Commerce Department said […]

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