The greenback started the second quarter in subdued fashion after weaker than expected jobs data offered more evidence suggesting the economy shifted into a lower gear in the first quarter. ADP said its survey of private…
The greenback started the second quarter in subdued fashion after weaker than expected jobs data offered more evidence suggesting the economy shifted into a lower gear in the first quarter.
ADP said its survey of private sector job growth totaled 189,000 – the lowest in 14 months – and under forecasts of 225,000.
A slight upward revision to February could help temper the disappointment, however.
On the bright side, ADP doesn’t always serve as an accurate barometer of nonfarm payrolls but at the margin suggests a slight higher risk of disappointment.
Underwhelming job growth Friday would dampen U.S. rate hike expectations and weigh on the dollar.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
