The April unemployment data from the UK posted a new record in April as the nation's unemployment rate fell to 4.6% marking a 12 year. The unemployment rate slipped from 4.7% in the Dec - Jan period. Despite the blockbuster headline, regular earnings fell 0.2%, three months to the year, compared to a 0.1% increase in the Dec - Feb period sugges...
The US dollar started the week on a strong note, keeping the gains from last Friday. Investors were spooked as the reality of the Fed's decision edged closer surrounding the uncertainty of the central bank's next policy move. Economic data on Monday was very limited leaving most of the markets unchanged. In Asia, data from Japan saw producer pri...
The markets opened on Monday on a subdued note with Japan's GDP data coming out in the early hours. Growth in Japan remained flat in the second quarter, missing estimates of a 0.20% increase and lower than Q1's GDP growth rate of 0.50%. On a yearly basis, Japan's GDP growth slowed to 0.20%, down from 1.90% annual growth rate seen in the first qu...
Market Summary Japan posts trade surplus in July, but exports fall for 10th consecutive month Australia unemployment rate falls to a 3-year low Australia adds 26.2k jobs, but part-time jobs continue to drive the labor market UK retail sales surges in July, 1.50% m/m Eurozone current account surplus hits a 4-month low Eurozo...
The US dollar closed the week as the second weakest currency, only next to the British pound. The US dollar fell sharply over the week but managed to recover some ground on late Friday. Data over the week included weak nonfarm productivity data for the second quarter and a flat retail sales print. Despite a weak print, gold prices settled modest...
The US dollar was seen trading stronger for the week with the biggest declines coming from the Turkish lira. The markets opened this week on the news of a failed military coup in Turkey. However, by Monday morning, the situation was under control which saw the modest risk off mode brushed aside. While the Turkish lira fell over 5% on the news, t...
Japan all industry activity falls on weaker construction and industrial output RBNZ releases economic report suggesting further easing was required Australia NAB business confidence falls in Q2 UK retail sales falls to a 6-month low, public borrowing falls to a 9-year low ECB keeps key lending rates unchanged Today’s Economic ...
The dollar fell to 18-month lows earlier today after the Bank of Japan left monetary policy unchanged. New Zealand’s quarterly GDP numbers beat forecasts, rising 0.70%. Australia’s unemployment rate remained unchanged at 5.70%. In the UK, retail sales continued to surge. In the US, monthly consumer inflation tame! Today’s Economic events ...
The US dollar gained support on hawkish Fed minutes which saw the markets start to price in the probability of a June rate hike, which has previously been diminishing. In Japan, GDP data was modestly better than expected with the economy avoiding a technical recession. The yen was also weaker against a stronger greenback. Inflation reports acros...
Image via John Sonderman / Flickr Hawkish surprise from the FOMC meeting minutes sends the US dollar higher across the board. Australia’s April jobs report shows unemployment rate unchanged. UK’s retail sales post a surprise surge in consumer spending. Today’s Economic events Japan core machinery orders m/m 5.50% vs. -1.90% Austr...
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