What is it? Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? At 8:30pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.

 

 

 

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What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

When? At 5:00pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.

 

 

 

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What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

When? At 10:00am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

 

 

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1. The dollar turned lower against the other major currencies on Friday, after data showed that the U.S. created far less jobs than expected last month, dampening optimism over the strength of the economy.

The dollar erased gains against the yen, with USD/JPY down 0.39% at 119.42, off highs of 120.41 hit earlier in the day.

2. U.S. oil futures climbed higher on Friday, amid growing concerns over escalating violence in Syria and as markets eyed the release of U.S. data later in the day.

U.S. crude futures for November delivery were last at $45.22 a barrel, up 1.07% for the day. On the ICE Futures Exchange in London, the November Brent contract were up 0.28% at $47.83 a barrel.

3. Wall Street opened sharply lower on Friday after data showed a less-than-expected rise in nonfarm payrolls in September, raising doubts that the economy is strong enough to allow the Federal Reserve to raise interest rates this year. The three major indexes were down more than 1.5 percent.

4. U.S. factory orders fell more-than-expected last month, official data showed on Friday.

In a report, US Census Bureau said that U.S. Factory Orders fell to a seasonally adjusted -1.7%, from 0.2% in the preceding month whose figure was revised down from 0.4%. Analysts had expected U.S. Factory Orders to fall to -1.2% last month.

5. Experian Plc (L:EXPN), the world's biggest consumer credit monitoring firm, on Thursday disclosed a massive data breach that exposed sensitive personal data of some 15 million people who applied for service with T-Mobile US Inc (N:TMUS).

Experian said it discovered the theft of the T-Mobile customer data from one of its servers on Sept. 15. The computer stored information about some 15 million people who had applied for service with telecoms carrier T-Mobile during the prior two years, Experian said.

 

 

 

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The US economy added 142,000 jobs in September, less than forecast.

Economists had been expecting the economy to add 200,000 jobs. The unemployment rate held steady at 5.1%, a seven-year low.

Average hourly earnings were flat month-over-month in September, below expectations for 0.2% growth.

Ahead of this report, economists had noted that August and September nonfarm payrolls prints have been revised higher most of the time over the last decade. However, the August print was revised to 136,000 from 173,000 in Friday's report.

Economists had noted that the broad-based slowdown in the manufacturing sector, and in employment, would likely show up in this report. Manufacturing employment fell 9,000 in September, versus expectations for no change.

Mining employment also fell, as health care and information added more jobs, according to the Labor Department.

The labor force participation rate, which measures the share of Americans over 16 looking for work, fell to 62.4%, the lowest since 1977.

The year-over-year projection for hourly earnings growth, at +2.4%, was the most bullish forecast for wages in this economic cycle. Wages missed, at 2.2%.

Here's what Wall Street was expecting:

Nonfarm payrolls:+200,000

Unemployment rate: 5.1%

Average hourly earnings, month-over-month: +0.2%

Average hourly earnings, year-over-year: +2.4%

Average weekly hours worked: 34.6

 

 

 

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