Non Farm Payrolls Non Farm Payrolls Non Farm Payrolls Manufacturing PMI

Pandemic period gains for stock markets and the resulting windfalls for investors have been cited by Federal Reserve (Fed) Chairman Jerome Powell for a sharp increase in retirements that is lifting pay growth for workers but also contributing to inflation and helping to drive interest rates higher. 

The Japanese Yen tumbled across the board ahead of the weekend after show stopping employment and wage figures appeared to bait an already hawkish Federal Reserve (Fed) and shocked U.S. government bond yields back into life.

The Euro narrowly avoided a brush with the psychologically significant level of parity against the Dollar in the final session of the week but was last seen struggling to fend off an advancing greenback after U.S. non-farm payrolls figures surprised on the upside of market expectations for June.

The Pound to Dollar exchange rate rebounded from earlier losses late this week but was hampered again in thin holiday trade on Friday after the May non-farm payrolls and Services PMI reports offered an incitement to a Federal Reserve (Fed) that appeared to become more hawkish in recent days. 

The UK economy underperformed many forecasters' expectations already during the opening quarter but the outlook for it darkened further this week and may mean the Bank of England (BoE) is more apt to disappoint financial markets in the months ahead, according to Pantheon Macroeconomics.

The U.S. Dollar Index stalled as other currencies in the barometer found support following a non-farm payrolls report that showed the employment recovery continuing while wage growth moderated in April with potentially dampening implications for the medium-term inflation outlook.

The Japanese Yen tumbled during the final session of the week when the Dollar rose sharply alongside interest rate differentials and as stock markets advanced broadly amid an evident improvement in investor risk appetite, leading some to reset their sights on the 125 level of USD/JPY.

\The U.S. Dollar retreated against the Euro, Pound and other major currencies following the release of a softer-than-expected set of labour market statistics out of the United States.

The Dollar holds gains ahead of the Friday release of U.S. jobs data which is likely to be the most important economic reading of some time, with analysts warning that disappointment could lead to a sizeable retreat by the U.S. currency.

The Dollar remained an outperformer among major currencies on Friday although its strength was abating after February non-farm payrolls report revealed a sharp increase in new jobs last month, around the same time as trade balance data showed U.S. imports growing faster than exports in the New Year.

The Dollar Index reversed lower Friday while other currencies were lifted by default when non-farm payrolls figures showed the U.S. job market cracking around year-end and after a period when coronavirus containment efforts were again closing down parts of the world's largest economy. 

Data out of the UK economy for November came in well ahead of expectation, even if they do confirm the economy likely shrank in the same month that England went into a second lockdown.

The U.S.labour market defied expectations on Friday when Bureau of Labor Statistics data revealed further job gains that helped push the unemployment rate a full percentage point lower in October, but with political uncertainty rising and the coronavirus resurgent, the outlook has grown murkier already in November.

A survey of the UK economy in October points to a rapid slowdown in activity in the wake of fresh regional lockdowns.

A survey of the UK economy covering the September period showed the rebound continues apace, even if it had slowed since August and was a little softer than market consensus had been expecting.

The release of U.S. non-farm payroll data is the highlight of the day with foreign exchange markets likely to pay particular attention to this month's reading to get a steer as to whether the recovery continued to fade in July or found a fresh wind.

UK retail sales surged in June while IHS Markit PMI surveys suggested that manufacturing and services companies operating in the troubled UK economy pulled ahead of the Eurozone rivals in July, although economists have cautioned that the retail data likely overstates the broader economic recovery.  

Dollar losses eased Thursday after the U.S. non-farm payrolls report again surpassed market expectations, with job gains stoking already upbeat sentiment in a buoyant market for risk assets but curtailing an earlier increases by the Pound, Euro and other currencies. 

The Dollar pared earlier gains Friday after a blowout nonfarm payrolls number for April failed to distract investors from a 'mixed message' contained in the detail of the employment report, which took some of the shine off the data for the market.

UK manufacturers saw the rate of business expansion cool over the course of April as export orders declined and they pulled back on efforts to stockpile goods in case of a 'no deal' Brexit, however firms appear to have become increasingly optimistic on the fortunes coming months will bring.