Unemployment rate for January: 4.4% vs 4.4% expected and 4.4% prior
Employment change: 133k vs 95k expected and 107k prior
Jobless claims for Febryary: 44.2k vs 7.9k expected and 2.8k prior
Average Earnings for January YoY: 5.8% vs 5.9 expected and 6.1 prior
Mixed report from the British labour market. A large increase in employment, but at the same time the previous reading was revised. A large increase in benefit applications, but with the unemployment rate remaining unchanged. Wages fell more than expected, but remain at an elevated level. GBPUSD slightly decreases in the monirng after the release.
Chart of the Day: USDJPY After Japan’s Intervention. The Exchange Rate Falls Below 160, but Pressure on the Yen Remains
Economic Calendar: JOLTS Report and Key U.S. Data Take Center Stage
Daily summary: Sense of relief to global markets🎢 OIL prices dip 8%🚨
BREAKING: US ISM Manufacturing - Strong Beat Across the Board