OctaFX | OctaFX Forex Broker
Open trading account

Rise in job ads – a double-edged sword for NZ economy? – ANZ

FXStreet (Mumbai) - The research team at ANZ bank explains the rise in the NZ job ads and its implication on the overall NZ economic prospects.

Key Quotes:

‘Job ads lifted a further 1.2% in October (seasonally adjusted), building on a 2.3% rise in September.’
‘Total job advertising is roughly flat versus a year ago (3-month average).’

‘Internet job advertising rose 2.3% (sa) in October, the same rise as in September. Newspaper job advertising fell 10.1% m/m (sa) as it continues to lose market share.’

‘Hawke’s Bay and Auckland continue to show strong growth in job ads versus a year ago (3-month average), whereas Wellington and Canterbury are declining at double digit rates by the same measure.’

‘The improvement in job ads over the past two months is consistent with a broad-based improvement in timely economic indicators as the economy steps up a gear from slow growth in the first half of the year.’

‘That said, very strong labour supply growth courtesy of record net migration will be challenging to absorb, which means the unemployment rate may yet move higher.’

Yen strengthens as BOJ stands pat , UK retail sales in focus

The Bank of Japan (BOJ) monetary policy decision turned out to be a non-event as widely expected, although did help to spur some fresh demand for the yen. While the technical correction witnessed in the greenback across the board along with recovery in commodities sprung back life into the commodity-currencies.
Read more Previous

FOMC minutes signal December rate hike likely – Deutsche Bank

Darren Gibbs, Chief Economist at Deutsche Bank, suggests that the FOMC minutes point to a clear expectation that policy tightening will begin next month – and recall that this expectation was held even before the release of the strong October employment report.
Read more Next
Start livechat