US initial jobless claims fell -10k to 222k in the week ending May 11, slightly above expectation of 219k. Four-week moving average of initial claims rose 2.5k to 218k. Continuing claims rose 13k to 1794k Read more…
The Australian dollar is lower on Thursday after surging 0.98% a day earlier. AUD/USD is currently trading at 0.6671, down 0.33% on the day. Australian job growth rebounds but unemployment rate rises Australian employment bounced Read more…
In a Reuters interview, New York Fed President John Williams expressed confidence in the current state of monetary policy, stating that it is “in a good place.” He highlighted the positive mix of economic data, Read more…
ECB Governing Council member Mario Centeno stated at a news conference today that Eurozone inflation rate’s fall towards the 2% target is “real,” and assured that the monetary policy interest rate will decrease. “The market Read more…
Walmart (WMT) posted stronger-than-expected first-quarter earnings Thursday and said full-year profit could top its forecasts, as the world’s biggest retailer continues to benefit from value-focused shoppers hit by food-price inflation. Adjusted earnings for the three Read more…
The yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USDJPY pair has declined to 153.88. After the US released up-to-date data Read more…
Yesterday’s release of CPI figures suggests that inflation is slowing down and a rate cut could be on the horizon. This weakened the dollar and boosted the value of assets priced in dollars, including BTC/USD. Read more…
Market picture The release of US inflation data sparked a surge in risk asset purchases, with cryptocurrencies leading the charge. This follows a period of prolonged consolidation, which provided enough pent-up energy to fuel increased Read more…
Cable eases from new multi-week high (1.2700) on Thursday, as bulls faced headwinds from significant resistances at 1.2700 zone, provided by the top of daily Ichimoku cloud and Apr 9-10 tops. In addition, overbought conditions Read more…
Check back for updates throughout the trading day U.S. equity futures nudged higher Thursday as investors looked to extend a springtime rally that has lifted all three major benchmarks to all-time highs following a muted Read more…