Month: August 2022

Australia employment contracted -40.9k in July, much worse than expectation of 25.0k growth. Full time jobs decreased by 86.9k while part time jobs rose 46k. Unemployment rate dropped from 3.5% to 3.4%. Participation rate dropped Read more…

RBNZ Governor Adrian Orr told a parliamentary committee, “our core inflation is too high and that suggests at some point monetary policy was too loose for a period.” “I have already apologized for the current Read more…

The Australian jobs report for July has provided a messy mix. The unemployment rate fell to a 48-year low of 3.4%, despite the economy shedding 40,900 jobs, snapping a run of eight consecutive months of Read more…

As long as the correlation holds, traders who don’t have access to trade copper can use USD/CHF as a proxy. Copper is often looked at for signs of strength in the world economy. If price Read more…

USD/JPY: On the H4 chart, prices seem to have pulled back a little but the overall trend is still bearish biased. Price has broken the intermediate resistance at 133.908 which is the 50% Fibonacci retracement Read more…

Key Highlights Crude oil price started a fresh decline from the $95.50 resistance. It is now facing hurdles near $89.50 and $90.00 on the 4-hours chart. Gold price corrected lower and traded below the $1,780 Read more…

The minutes from the July 26-27, 2022 Federal Open Market Committee (FOMC) meeting showed that curtailing inflation remains of paramount importance to the Fed. On the progression of the economy, the Committee members noted that Read more…

Liz Truss appears to be the clear favorite over Rishi Sunak in early polling… When is the UK’s next election? Amid a flurry of resignations over alleged scandals, UK Prime Minister Boris Johnson resigned on Read more…

EURAUD reversed from support level 1.44 Likely to rise to resistance level 1.4740 EURAUD currency pair recently reversed up sharply from the powerful support level 1.4400 (which previous stopped the sharp downtrend in April, as Read more…