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Aussie higher after job data beat market forecasts

This morning from Australia job figures were released beating all expectations and pushing Aussie higher. Over the month employment jumped by 58,600, well above the median market forecast for an increase of 15,000. The increase was the largest since March 2012. Full time employment jumped by 40,000, overshadowing a 18,600 increase in part time workers.  Read more...

UK Unemployment Rate fell to 5.3%

For October 2015 there were 795,500 people claiming unemployment related benefits. This was 3,300 more than for September 2015. Analysts were expecting increase by 1,600.  It was also139,100 fewer than for a year earlier, but 17,100 more than the pre-downturn trough of 778,400 for February 2008. Read more...

NFP figures pushed USD sharply up

Total nonfarm payroll employment increased by 271,000 in October. Analysts were predicting increase by 181,000. Over the prior 12 months, employment growth had averaged 230,000 per month. In October, job gains occurred in professional and business services, health care, retail trade, food services and drinking places, and construction. Unemployment rate was essentially unchanged at 5.0%.  Read more...

Eurozone inflation up in September

Euro area annual inflation is expected to be 0.0% in October 2015, up from -0.1% in September 2015, in line with market predictions. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in October (1.5%, compared with 1.4% in September), followed by services (1.3%, compared with 1.2% in September), non-energy industrial goods (0.4%, compared with 0.3% in September) and energy (-8.7%, compared with -8.9% in September). 
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