Forex News

Source: Bureau of Labor Statistics Nonfarm payrolls in the United States added fewer for the second straight month in January, bringing the unemployment rate slightly higher. DXY is up 0.26%, while Gold is down 0.47%. Total nonfarm payroll employment rose by 467,000 in January, lower than the 510,000 jobs added in December 2021 and 520,000 added in January last … [Read more...] about US Nonfarm Payroll Growth Cools for Second Straight Month

Source: IHS Markit Business activity in the UK construction sector expanded at the fastest pace in six months in January, driven mainly by the growth in new orders during the month. IUKP.L fell 0.90%. The IHS Markit/CIPS UK Construction PMI Total Activity Index stood at 56.3 in January, up from 54.3 in December. This is the biggest expansion since July 2021.New order … [Read more...] about UK Construction Sector Climbs to Highest Since July 2021

Source: IHS Markit Construction activity in the United Kingdom grew at the fastest pace in four years in January, driven mainly by the improvement in new orders during the month. IUKP.L is down 1.14%. The IHS Markit Eurozone Construction Total Activity Index jumped to 56.6 in January from 52.9 in December. This is the biggest jump since January 2018.New orders grew for … [Read more...] about UK Construction Output Hits Highest in Four Years

Source: US Labor Department Unemployment claims in the United States declined for the second consecutive week after three straight weeks of increases. DXY is down 0.37%, while Gold is down 0.15%. Seasonally adjusted initial claims for the week ending January 29 fell by 23,000 to 238,000 from the previous week’s upward revised level of 261,000.The four-week moving average … [Read more...] about US Jobless Claims Down for Second Straight Week

Source: Bureau of Labor Statistics US nonfarm business sector labor productivity grew in the fourth quarter of 2021, but this was not enough to boost the full-year figure, which fell to a three-year low. Fourth-quarter labor productivity increased by 6.6% compared with the previous quarter and by 2.0% compared with the same month in 2020.The latest reading is 4.5% higher … [Read more...] about Nonfarm Business Labor Productivity Down to Three-Year Low in 2021