GBP bulls received a further boost this week from solid inflation data released yesterday, fuelling a fresh spate of buying in the British Pound. The latest CPI inflation readings for August showed both headline and core inflation beating expectations. Headline inflation rose 2.7% over August, far outperforming expectations of 2.4% and hitting i...
Summary Australia unemployment rate in August was steady at 5.3% Australia adds 44,000 net jobs during the month Most of the gains came from full-time positions which increased 33,700 Jobs data for July was revised lower Initial signs of wage growth keep markets excited, but economists believe that it will take a while before pr...
The next major economic event on the schedule that could have a significant impact on the Swiss Franc is the expected monetary policy decision by the Swiss National Bank (SNB), scheduled for 9:30 CET (3:30 EST). If you are trading the franc or any of its pairs, this is an event to keep in mind. [shortcode-variables slug="act_tradeideas"] T...
Japanese trade data was weaker than expected once again over August, remaining in the red for a second consecutive month. The headline trade balance figure was -445 bln JPY, showing a stark increase from July’s -232 bln JPY. The seasonally adjusted number was also weak at – 190bln JPY, far worse than the expected -144 bln JPY figure the market w...
The market is now entering a crucial phase regarding NAFTA negotiations as the October 1st deadline, imposed by the US, moves ever closer. Indeed, US negotiators are piling on further pressure by saying that Thursday 20th September is the last chance for Canada to agree to the preliminary deal agreed upon by Mexico and the US. The timing is to a...
The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left interest rates unchanged. Officials highlighted the greater risks on the financial markets due to Brexit. The decision to leave interest rates unchanged comes after just a month ago, the central bank raised the borrowing costs...
The RBA meeting minutes released overnight struck a mostly positive tone with little in the way of significant changes to the bank’s outlook. The bank once again highlighted above-trend growth, a declining unemployment rate and gradual improvement in wage growth. Furthermore, the minutes show that the bank is comfortable with recent developments...
The DAX, as it's most commonly known, is the largest of the indices on the European mainland, generally seen as the benchmark for core economic performance. The name is an abbreviation of Deutscher Akienindex (German stock index) and is run by Xetra - itself a subsidiary of Deutsche Boerse. The 30 part indicates that it has that number of compon...
Risk sentiment was buoyed last week on news that Washington had invited officials from Beijing to restart trade talks, aimed at dialing back the trade conflict between the two economic superpowers. However, the trade war story took another turn this week as the US administration announced that it had implemented 10% trade tariffs on roughly $20...
The latest revised GDP numbers from Japan showed that the economy advanced faster than previously expected. The data on the final reading on the gross domestic product from the Cabinet Office showed that Japan's GDP advanced at an annual rate of 3.0% in the three months of April through June 2018. [caption id="attachment_60053" align="alignce...
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