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Sterling testing 1.55 handle

Though there were no major data releases this morning from the UK, pair continues its uptrend testing 1.55 handle as a resistance. Sterling rose against the dollar and euro on Wednesday after data showed Britain's unemployment rate unexpectedly fell to its lowest level since mid-2008 in the three months to August, though pay growth was a touch slower than expected. Read more...

Australian Unemployment Rate unchanged in September

Australia's unemployment remained steady at 6.2% last month, although the number of jobs fell by 5,100. While the jobless number is in line with expectations, the employment number is a disappointment, with the market expecting around 5,000 jobs to have been created in September. It is the first drop in job numbers since April this year. Full-time workers were the main casualties, losing 13,900 jobs last month. Read more...

UK Unemployment Rate fell to 5.4%

According to the latest release, for September 2015 there were 796,200 people claiming unemployment related benefits in the UK. This was up 4,600 from August 2015, thus missing forecasts on decline by 2,300. It was always down 159,800 from a year earlier, but 17,800 higher than the pre-downturn trough of 778,400 for February 2008.  Read more...

USD sharply down after much weaker NFP figures

Total nonfarm payroll employment increased by 142,000 in September. Analysts were anticipating increase by 201,000. Thus far in 2015, job growth has averaged 198,000 per month, compared with an average monthly gain of 260,000 in 2014. In September, job gains occurred in health care and information, while employment in mining continued to decline.  Read more...

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