US initial jobless claims fell -9k to 228k in the week ending July 15, below expectation of 245k. Four-week moving average of initial claims dropped -9k to 238k. Continuing claims rose 33k to 1754k in Read more…
AUDUSD bulls are staging another breakout as they desperately try to move away from the recent rectangle. However, the February 2, 2023 downward sloping trendline is proving too strong for them, halting twice their advance. This is Read more…
Participants in financial markets were closely watching yesterday the data on inflation in the UK, where it is at the highest level among the G7 countries. The news turned out to be positive: CPI was Read more…
Participants in financial markets were closely watching yesterday the data on inflation in the UK, where it is at the highest level among the G7 countries. The news turned out to be positive: CPI was Read more…
Australian dollar bounced around 1% in early Thursday, reversing more than a half of four-day 0.6894/0.6750 pullback and suggesting that correction from 0.6894 double-top of July 13/14, might be over. Aussie dollar received strong support Read more…
Daily Pivots: (S1) 1.6475; (P) 1.6539; (R1) 1.6610; More… EUR/AUD retreated quickly after edging higher to 1.6601 and intraday bias remains neutral for the moment. Further rally will remain in favor as long as 1.6231 Read more…
Total employment: +32.6k from +76.5k (revised up from +75.9k); unemployment rate: 3.5% from 3.5% (revised down from 3.6%); participation rate: 66.8% from 66.9%. In June, employment gained 32.6k, or 0.2%, slightly higher than Westpac’s forecast Read more…
Total employment: +32.6k from +76.5k (revised up from +75.9k); unemployment rate: 3.5% from 3.5% (revised down from 3.6%); participation rate: 66.8% from 66.9%. In June, employment gained 32.6k, or 0.2%, slightly higher than Westpac’s forecast Read more…
BoE Deputy Governor Dave Ramsden said yesterday, “CPI inflation has begun to fall significantly but remains much too high. The Monetary Policy Committee has consistently stressed that monetary policy decisions will address the risk of Read more…
Key Highlights NZD/USD is moving higher from the 0.6225 zone. It broke a major bearish trend line with resistance near 0.6275 on the 4-hour chart. EUR/USD is holding gains above the 1.1150 support. GBP/USD corrected Read more…