Australia full-time job growth slows, unemployment rate drops in September

Omkar Godbole FXStreet Contributor

The seasonally adjusted data released this Thursday showed the Australian economy added 19.8K jobs in September, beating the estimated rise of 15.0K. The details show the full-time job growth slowed, while the unemployment rate dropped.

Key points

Employment up by 23.8k people in September on a trend basis; up 335.5k over the past year

Jobless rate 5.5% in September versus 5.6% expected and 5.6% in August (lowest level since Feb. 2013)

Full-time employment change +6.1k in September versus downwardly revised +39.5K in August

Part-time employment change +13.7K in September versus +14.1K in August

Participation rate ticked dropped slightly to 65.2% as expected from the previous month's figure of 65.3%.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

GBP/USD advances to 1.3650 region despite weak sales data

GBP/USD trades in positive territory at around 1.3650 in the European session on Friday. Although Retail Sales data from the UK came in weaker than expected, the pair holds its ground, supported by the persistent US Dollar (USD) weakness following the Treasury Department's decision to boost long-term bond purchases earlier in the week.

EUR/USD holds near 1.1700 ahead of US PMI data

EUR/USD consolidates its weekly gains at around 1.1700 in the European session on Friday following the mixed PMI prints from Germany and the Eurozone. Investors await preliminary August PMI surveys for the US, while the persistent USD weakness allows the pair to keep its footing.

Gold hits fresh high since June above $4,550 as receding Fed hike bets undermine USD

Gold sticks to modest gains near its highest level since early June, touched earlier this Friday, and trades just above $4,550 heading into the European session. The commodity is looking to build on the breakout momentum above a technically significant 200-day Simple Moving Average amid a weaker US Dollar. Traders scaled back their bets on an immediate interest rate hike by the Fed after the latest US inflation data released last week signaled signs of cooling price pressures.

Bulls in control with Bitcoin heading toward $80,000, Ethereum $2,500, XRP $1.50

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are extending their rallies as bullish momentum strengthens and continue to cheer the US Treasury’s decision to double its debt buyback operations. BTC has climbed nearly 20%, ETH over 25% and XRP nearly 30% so far this week.

The great bond-market repricing: Why deficits, geopolitics and AI are driving long-term yields higher

The biggest move in financial markets right now may be happening in an asset class that many equity and FX investors rarely watch closely: government bonds. Long-term yields have surged across the US, Europe, the UK and Japan, with several benchmarks reaching levels not seen for more than a decade.

$20 billion offered, $2 billion taken: Why Treasury doubled its buyback cap

The US Treasury moved off its own calendar on Wednesday, and that is the part worth sitting with. At 12:32 GMT, the department said it would at least double the size of liquidity support buyback operations in the 10-year to 20-year and 20-year to 30-year sectors, lifting the maximum from $2 billion per operation to at least $4 billion, effective September 9 and running to November 4.