US October unemployment came in worse than expected with headline unemployment rising above 10% and the nonfarm payrolls reported below 200k.The nfp decline was less than 219k last month but higher than most economists had expected. The BLS also revised

FX markets have oscillated briskly since the US employment data this afternoon, as the Unemployment Rate posted a shock 10.2% against estimates for 9.9% (from last month's 9.8%). The Change in Non-Farm Payrolls themselves were also worse than expected at

Currencies traded with slight indecision this morning in anticipation and reaction to the US and Canadian unemployment data. EUR/USD twice briefly tested above the 1.4900 handle touching a high at 1.4914 before tracing to the 1.4860 level by mid NY

The U.S. nonfarm payrolls declined a further 190K in October following the upwardly revised 219K (previously reported as -263K) jobs lost the month before, bringing the number of jobs lost so far to 7.3 million. This was slightly worse than

Canadian employment in October showed a significant contraction of 43,200, erasing September's 30,000 gain, and the unemployment rate rose by 0.2% to 8.6%, retracing most of September's easing. Moreover, September's rise in the unemployment rate was despite a continuing decline

The US payrolls data on the headline was slightly worse than expected, but the combination with previous month's revision (revised -263k to -219k for a +44k upward revision) actually makes the number slightly better than expected. The unemployment rate stole

We’re not quite sure what all the fuss is about this morning when it comes to splicing and dicing the non-farm payrolls report. A 10.2% headline national rate of unemployment - the first in 26 years grabbed attention upon the

The euro dropped against the dollar Friday after disappointing U.S. unemployment data cast doubt over the pace of the global economic recovery. The euro sank to a low of USD1.4821 in the wake of the report, from USD1.4861 just ahead

The labor data numbers released for October are rather poor, with the economy shedding another 190K jobs, from which 120K were from the goods-production sector. However, the infamous death/birth model added another 86K jobs to the economy in October, taking

The labour market report showed a slightly bigger-than-expected number of jobs lost in October with 190,000 positions cut compared to market forecasts of a 175,000 decline. However, the report showed solid revisions to the declines in previous months with September's

Canada's economy pared back the number of employed by 43,200 in October, defying forecasts for a 10,000 job increase. This was the first decline in employment in three months, but it did not fully offset increases in August and September

The world's leading economy released the infamous jobs report showing the continuing suffering of the Labor sector as the economy shed more jobs than expected throughout the month of October, meanwhile unemployment jumped beyond expectations reaching above 10 percent. The

We stated that the expected read of -173K looks to be on the high side of optimistic on NFP jobs, and as tenured traders know, this release has no peers in regard to missing it’s mark. Roll up, roll up,

The USD is trading mixed as yesterday's strong stock market gains had little impact on the Forex market, AUD is supported by RBA policy statement which states that interest rates will need to gradually rise, the RBA also raised its

Overall, the overnight session proved to be very slow in the currency market, with the major pairs moving on thin momentum. The same trading behavior was seen during the prior day of trading, when the currency market on Thursday barely

Investors are waiting impatiently for the infamous jobs report, as it should provide a better picture for the current conditions in the U.S. labor market, though we all know that the labor market is still under pressure from the ongoing

Short-term dollar direction will inevitably be determined by the US payroll report. A better than expected report would tend to support risk appetite and also maintain the risk of dollar selling while a weak report would tend to increase risk

With the major central bank meetings of November out of the way and Q3 corporate earnings on the table, investors have already digested most of the major risk events likely to sculpt FX markets up until year-end. Continued improvement in

In Currencies: The focus has been on the upcoming non-farm payroll report to be released later today. If the October loss in jobs matches the consensus of 'only' -175K (vs. -263K in September) then most will see the data as

The ability of stocks to edge higher again today suggests that the concerns over a pullback in risk appetite which was evident at the end of last week may have been overdone. Over the past month several US data releases