US August payrolls top estimates at 162K
US non-farm payrolls rose 162K in August, well above the 56K expected, while the unemployment rate held at 4.1%.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
US non-farm payrolls rose 162K in August, well above the 56K expected, while the unemployment rate held at 4.1%.
Canada's economy lost 41,700 jobs in August, far below the 15,000 gain expected, while the unemployment rate held at 6.4%.
US and Canadian non-farm payrolls reports are due shortly. Markets focus on USD/JPY trading, fixed income yields, and Canada's employment after BOC held rates.
Eurozone retail sales fell 0.6% m/m in July; markets trade sideways ahead of US NFP data.
Retail traders lost money after relying on economic calendar impact labels, which fail to account for context and unscheduled events.
Eurozone retail sales fell 0.6% m/m in July, and EU sales declined 0.4%. Year on year, euro area rose 0.6% and EU rose 1.0%.
Analysis of forecast distribution for US non-farm payrolls, unemployment rate, and average hourly earnings data.
The IMF confirmed that El Salvador's Bitcoin reserve growth came from private donations, not public funds, and expects no further accumulation.
Asian markets were directionless as traders awaited US payrolls, with currencies recovering and commodities steady.
The RBNZ raised rates again but signaled the next hike is more likely in December than October.
Diesel supply tightness and hot ISM price indexes signal entrenched inflation, threatening gold and stocks.
South Korea's Kospi rose 1.14% on Friday after Fed's Waller signaled a rate hold. Jobs data awaited.
Odds of a September Fed rate hike fell to 50/50 on Friday, reversing a 70% probability from a day earlier, as Bitcoin rallied near $82,000.
Japan's household spending fell 3.6% in July from a year earlier, the biggest drop since January 2024. A September BOJ hike remains almost fully priced in, at…
The magazine cover indicator is widely misused but has a real mechanism worth understanding.