EUR/USD declines due to positive US employment figures; Fed’s Daly takes a soft stance
The EUR/USD dips below 1.1700 as initial US unemployment claims exceed expectations. The Federal Reserve indicates some internal disagreement, with many members cautious about interest rate cuts. Trump’s tariffs on Brazil may trigger retaliation from President Lula. The EUR/USD pair is experiencing a downturn during North American trading sessions, as market participants analyze recent employment […]
Supreme Court Approves Trump’s Administration’s Reductions to Federal Employment
On Tuesday, the Supreme Court allowed the Trump administration to proceed with reducing the federal workforce as a means of government downsizing. In an 8-1 ruling, Judge Ketanji Brown Jackson was the sole dissent, with the court clarifying that it did not make a determination on the legality of any specific reorganization plans. In addition, […]
Australian Dollar declines as US employment figures lessen hopes for a Fed rate reduction
Australian dollars drop against the US dollar as positive US employment data dampens chances for a Federal Reserve interest rate reduction. The House of Representatives has approved President Trump’s significant tax reform bill and forwarded it for his signature. Non-farm payrolls in the U.S. surpassed expectations with an addition of 147,000 jobs in June, exceeding […]
The Employment Figures Are Accurate and Indicating Something Significant
Summer Heat in the Job Market is Real The June employment report indicates a payroll increase of 147,000, surpassing Wall Street’s expectations, which were set below 110,000. There’s some skepticism here. Critics often point fingers at State and Local Government Employment. If we strip that away, plus a few factors in healthcare and social support, […]
EUR/USD falls as strong US employment figures support the Fed’s tight approach
US NFP exceeds expectations, pushing EUR/USD below 1.1750. US economy shows stronger job growth in June, while the Fed takes a wait-and-see approach. ECB signals reconsideration of its interest rate cut decision from June. The euro weakened against the US dollar on Thursday following the announcement of employment figures for June in the US. This […]
June employment report surpasses expectations, goes against Democrats’ recession alerts
Recent predictions about President Donald Trump’s economic impact in the United States took a hit once again with the latest employment numbers released on Thursday. The Labor Bureau reported that 147,000 jobs were added in June, surpassing economists’ expectations of 110,000 job additions as per estimates from LSEG. This came even as months of Democratic […]
GBP/USD struggles to find stability before important employment figures
GBP/USD Movement and Economic Outlook GBP/USD faced significant pressure on Wednesday as issues within the British government escalated. US non-farm payroll data is set to be released this Thursday. The US market had a closure earlier this week due to a public holiday. On Wednesday, GBP/USD dropped below the 1.3600 mark, primarily driven by a […]
EUR/USD falls back under 1.1400 following US employment figures
The EUR/USD is likely to remain under bearish pressure, trading below 1.1400 on Friday. US non-farm payrolls saw an increase of 139,000 in May. The market seems to be leaning towards a hold on Fed policy in July after reviewing employment data. After a calm start to the European trading session, the EUR/USD took a […]
Dollar slips as trade conflicts linger before employment figures
TOKYO (Reuters) – The dollar remains relatively unchanged as investors scrutinize US employment data for immediate insights while they await updates on President Trump’s tariff negotiations with major trading partners, notably China. The Trump administration has set a deadline for Wednesday for the country to present its best trade offer. Coinciding with this, I’ve raised […]
The actual employment issue? An overload of visas rather than a shortage of workers
Concerns Over Immigration and Labor Market Despite two decades of substantial immigration, there are still millions of foreign students and visa workers entering the labor market. It’s puzzling—does this nation really require more foreign labor? Recently, US Citizenship and Immigration Services shared that 120,141 H-1B visa applicants were selected in the random lottery for 2026. […]