In April, UK payrolled employees rose 0.4% mom, or 131k, to 29.5m. Claimant count dropped -56.9k, versus expectation of -42.3k. Unemployment rate dropped from 3.8% to 3.7%, versus expectation of being unchanged at 3.8%. Employment Read more…
Daily Pivots: (S1) 1.4910; (P) 1.5014; (R1) 1.5075; More… EUR/AUD’s break of 1.4961 minor support suggest that corrective rise from 1.4318 has completed with three waves up to 1.5277. Rejection by 1.5354 support turned resistance Read more…
Overall risk sentiment is stable in Asian session today. Australian and New Zealand Dollar are trading mildly higher as recoveries extend, while Sterling is also slightly higher. On the other hand, Yen is softening together Read more…
Sterling is a major focus this week with a batch of economic data featured, starting from jobs today, to inflation and retail sales. Risks to the inflation outlook are on both sides as BoE Governor Read more…
In the minutes of May 3 meeting, RBA revealed that three options on interest rate hikes were considered, including 15bps, 25bps and 40bps. Raising the cash rate by 15bps was not preferred “given that policy Read more…
Sydney – 3 May 2022 Members present Philip Lowe (Governor and Chair), Michele Bullock (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO, Alison Read more…
Retail sales will be in focus in the United States this week as the data out on Tuesday (12:30 GMT) is expected to show that American consumers have yet to be deterred by rising prices. Read more…
It will be a packed week for the British pound. The UK employment report will be published on Tuesday at 06:00 GMT, while on Wednesday and Friday investors will pay attention to CPI inflation (06:00 GMT) and Read more…
With economic data releases from both the UK and the US this week, GBP/USD has the potential to be volatile. This week will be all about the economic data for the Great British Pound. As Read more…
Looking ahead, expectations for FOMC policy will be a major driver for USD/JPY… As my colleague Joe Perry noted last week, most central banks are expected to raise interest rates, in some cases dramatically, in Read more…