Australia’s labor market displayed stronger-than-anticipated performance in October, with employment figures surpassing expectations. The economy added 55k jobs, well above forecasted growth of 22.8k. This increase was driven by both full-time and part-time employment, which Read more…
Stanley Druckenmiller is perhaps best known for breaking the Bank of England with famed investor George Soros in 1992. The duo successfully shorted the British pound sterling, pocketing over $1 billion. However, the track record at Read more…
Japanese yen loses over 13% this year as interest rate differentials widen Risk of another round of FX intervention is rising, but where exactly? Trend reversal is a story for next year – for now, Read more…
San Francisco Fed President Mary Daly, in an interview with the Financial Times, acknowledged the “very, very encouraging” signs of falling inflation in this week’s data. However, she cautioned against hastily concluding the rate-raising cycle, Read more…
UK inflation fell to 4.6% in October (6.7% in September) Markets expect the next move to be a rate cut next summer EURGBP struggling to break technical resistance, despite data UK inflation fell sharply in Read more…
Japanese GDP contracts by 2.1% US retail sales decline by 0.1% but beats forecast The Japanese yen has lost ground on Wednesday. In the North American session, USD/JPY is trading at 151.09, up 0.48%. In Read more…
Australia to create more jobs, but no serious improvement expected Quarterly wage growth the strongest in 14 years Another rate hike could remain on the table RBA resumes data-dependent approach In contrast to other major Read more…
A new batch of statistics from the US once again reminds us of the Goldilocks story, when one can have fun and not pay the price for it. Producer prices fell 0.5%, against expectations for Read more…
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Thursday, November 15. Full Video Transcript Below: J.D. DURKIN: I’m J.D. Durkin – reporting Read more…