US initial jobless claims rose 1k to 203k in the week ending May 7, above expectation of 190k. Four-week moving average of initial claims rose 4k to 193k. Continuing claims dropped -44k to 1343k in the week ending April 30, lowest since January 3, 1970 when it was 1332k. Four-week moving average of initial claims […]
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Australian retail sales rose by 0.3% mom in March to AUD 37.28 billion, slightly below expectations of 0.4% growth. According to the ABS, food-related spending, particularly in supermarkets and grocery stores, was the main contributor Read more…
Key insights from the week that was. Australia’s Q1 CPI report was this week’s main event domestically, The key outcomes were slightly above consensus, the headline measure rising 2.4%yr (0.9%qtr) and the underlying trimmed mean Read more…
Key Highlights USD/JPY started a fresh increase above the 144.00 resistance. A connecting bullish trend line is forming with support at 143.80 on the 4-hour chart. EUR/USD is correcting gains and might dip below the Read more…