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US JOLTs 4.998M – just below predictions

Job openings stood on 4.998 million in January, just under 5 million and just below 5.05 million predicted. The previous number is revised down to 4.877 million from 5.028 million originally reported.

The number of quits stood on 2.8 million, little changed from December. The number of people voluntarily leaving their jobs is also seen as a sign of confidence. It is up from December.

The US dollar is slightly stronger after the release. Wholesale inventories are up 0.3%.

The US JOLTs job openings number was expected to stand at 5.04 million in January, similar to 5.03 million  seen in December (before revisions). While the indicator is lagging, the Fed eyes it, making it important.

Prior to the publication, the US dollar was on a roll, albeit off the highs: EUR/USD traded around 1.0785, USD/JPY at 121, GBP/USD around 1.51, AUD/USD at 0.7677 and USD/CAD around 1..2660.

At the same time, the US published wholesale inventories, which were expected to stay flat after a minimal rise of 0.1% beforehand.

More:  EUR/USD breaks low support – at lowest in nearly 12 years

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.