Home JOLTS Job Openings rises to 4.84 million – better than
Forex News Today: Daily Trading News

JOLTS Job Openings rises to 4.84 million – better than

The Fed got another sign that the labor market continues marching forward: JOLTS job openings for August rose to 4.84 million, a new post crisis high and actually the highest since 2001.

The  dollar is advancing, but only very gradually and very slowly in the response to this release.

JOLTS job openings were expected to stand at 4.71 million in August after 4.67 million in  July (before revisions). This was now revised down to 4.605 million.

The US dollar was on the retreat before the publication: EUR/USD traded around 1.2630, GBP/USD at 1.6115 and USD/JPY around 108.20.

The JOLTS figure gets its importance from the Fed focus, especially from Bernanke’s era and despite being a late figure: the Non-Farm Payrolls report for September is already out, and this figure relates to August.

At the same time, the  IBD/TIPP Economic Optimism was released and it was expected to rise from  45.2 to 46.3 points. We have a disappointment here with no change at 45.2 points.

The big event of the week is also Fed related: we will get the FOMC meeting minutes tomorrow and they could provide more hints about the next moves of the central bank.

Later today, two FOMC members will  make public appearances. Bill Dudley, that already commented on the strong dollar, is set to make headlines.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.