The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Unemployment in the USA dives below 4% for the first time since 2000
In April 2018 the overall number of jobs in the American economy tacked on by 164 thousand. That’s what the Ministry of Labor of the country informed.
The leap for the previous month was updated upwards from 103 thousand to about 135 thousand jobs.
At the same time, unemployment headed south below 4% for the first time since 2000. It accounted for 3.9%. Before this, it kept to 4.1% for up to six months.
Market experts on average had hoped for a leap in the number of jobs in April by approximately 193 thousand as well as a slump in unemployment to 4%.
Unemployment in the United Stated is already below the mark that the Federal Reserve considers to be a long-term norm. So, in the future we can expect upward pressure on wages as well as inflation in the United States.
In America, April’s average hourly wage inched up by 0.1% versus the previous month and also by 2.6% in annual terms - it appears to be less than many experts and investors hoped for.
The previous month the share of the population's participation in the labor force inched down to 62.8% versus 62.9% in March. Market experts had hoped for an ascend to 63%.
As for the average duration of the working week, it was still the same, accounting for 34.5 hours.
In the American manufacturing sector, in April the overall number of jobs increased by 24 thousand, which is better than anticipated. At the same time, retail enterprises ramped up the number of employees by just 2 thousand people, while the construction industry companies increased it by 17 thousand.
In the private sector of the United States the number of jobs headed north by about 168 thousand, while the service sector gained by 119 thousand.
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
The British yearly CPI will be released at 11:30 MT on January 15
Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
Events in Libya pushed the oil price up. So what's the strategy to benefit from it?