Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Australian Employment Preview: Forecasts from five major banks, big gain

Australia is set to report its February employment figures on Thursday, March 16 at 00:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers at five major banks regarding the upcoming employment data.

Australia is expected to have added 48.5K jobs vs. -11.5K in January, while the unemployment rate is seen falling a tick to 3.6% even as the participation rate is set to rise a tick to 66.6%.  

ANZ

“Like the RBA, we think the labour market will rebound in February. Our forecast is very strong employment growth of 90K, enough to have pushed unemployment back down to 3.5%. But if there’s another soft labour market result or if the other aforementioned prints prove lacklustre, this could keep the RBA on hold in April.”

ING

“The upcoming labour data will give an indication as to whether the previous releases were arbitrary or if there is confirmation that the economy really is slowing down. With the RBA indicating that it is getting close to peak cash rates, a much weaker employment number could even give rise to thoughts that rates may have already peaked at 3.6%.”

TDS

“One of the most closely watched employment prints in a long time. The larger-than-usual increase in u/e people in Jan, and the larger-than-usual rise in the number of u/e people who had a job to go to in the future suggests a bounce is likely. We forecast 47K jobs were added in Feb, the participation rate rising to 66.6%, keeping the u/e rate unchanged at 3.7%.”

SocGen

“We expect February’s labour market data to show a sizeable gain (40K) in employment after seeing consecutive dips in the months of December and January. The contraction in employment during those months can partially be ascribed to the changing seasonal patterns in hiring. This would lead to a significant increase in February that will offset the seasonal anomaly. But we also believe that the slowdown in employment growth has materialised due to consumption weakness, which is likely to be seen in the sustained decline in three-month moving average of employment change (from 35 in November to 3 in February if our forecast is correct). The unemployment rate will likely decline a bit (3.6%), while the participation rate is likely to remain largely unchanged. Hours worked is also expected to pick up after experiencing contraction in three consecutive months, showing the underlying momentum in economic growth. In conclusion, we foresee that employment data will continue to show signs of an easing in labour market conditions. This would support our base scenario that the 25 bps hike in April will be the final one under the current tightening cycle.”

CitiBank

“Citi employment change forecast; 56K,, Citi unemployment rate forecast; 3.5%, Citi participation rate forecast; 66.6%. The February labour force survey will be crucial to determine whether the RBA hikes or pauses in April. Strong employment gains are a necessary condition for the RBA to hike in the April Policy Board meeting. If the unemployment rate remains unchanged at 3.7% because of softer job growth – rather than strong labour force participation – then the odds of an RBA pause in April will increase.”

Colombia Retail Sales (YoY) up to 1.2% in January from previous -1.8%

Colombia Retail Sales (YoY) up to 1.2% in January from previous -1.8%
Read more Previous

EUR/GBP stumbles below 0.8800 on traders expecting a less hawkish ECB

EUR/GBP dropped sharply from around two-day highs of 0.8843 as the UK Finance minister Jeremy Hunt unveiled the new budget that would get Britain out
Read more Next