Employment: +15.9k (from +61.3k). Unemployment Rate: 4.1% (from 4.1%). Participation Rate: 67.1% (from 67.2%). In October, employment rose by +15.9k (0.1%), slightly below Westpac’s forecast of +20k and under the market consensus forecast of +25k. Read more…
Key Highlights WTI Crude Oil price started a fresh decline from the $73.00 resistance zone. It traded below a key bullish trend line with support at $71.80 on the 4-hour chart. EUR/USD could gain bearish Read more…
There was a surprisingly large amount of tension of what Wednesday’s Consumer Price Index report might show. And you can expect more tension every time an inflation report comes up, whether it’s this year or Read more…
Consumers have been eagerly awaiting interest rate cuts for several years, hoping the cuts would translate to a reduction in mortgage rates. When the Fed finally slashed interest rates by 0.5% in September, many were Read more…
Elon Musk has been buddy-buddy with President-elect Donald Trump lately, prompting speculation that he will be a major influence in the upcoming Trump administration. In July, Musk publicly endorsed Trump in the 2024 presidential election Read more…
Shopify (SHOP) tumbled hard in 2022 following the Covid-19 era. After enjoying a massive surge during the Covid-19 pandemic when demand for e-commerce soared because of lockdowns, Shopify experienced a sharp downturn in 2022 as Read more…
Australia’s employment grew modestly in October, rising by 15.9k or 0.1% mom, falling short of the anticipated 25k increase. This represents the slowest pace of employment growth in recent months, following a period of more Read more…
RBA Governor Michele Bullock commented at a panel discussion today on Australia’s economic and labor market conditions, noting that the economy is still operating at a level that risks fueling inflation. According to Bullock, while Read more…
St. Louis Fed President Alberto Musalem stated in a speech overnight that he expects inflation to converge toward the Fed’s 2% target over the medium term. His baseline scenario anticipates a cooling labor market that Read more…
Sephora recently found itself embroiled in political controversy on social media. The beauty retailer has begun to face calls for a boycott after a viral video on TikTok, which has amassed over 14 million views, accused Read more…