Pound Sterling tumbles as weak set of UK labor market data boosts BoE dovish bets The Pound Sterling (GBP) faces a sharp selling pressure against…
The Pound Sterling plummets against its major peers after the release of the weak UK labor market data for the three months ending April. UK…
GBP/JPY loses ground to around 195.65 in Tuesday’s early European session. UK Unemployment Rate rose to 4.6% in three months to April; Claimant Count Change…
China’s Consumer Price Index (CPI) deflation continued into the fourth straight month in May. Headline CPI fell by -0.1% y/y (Bloomberg est: -0.2%; Apr: -0.1%)…
Today is that time again – Payroll Friday. The first Friday of the month when, as is traditional, the US labor market report is published.…
AUD/USD rises for the second consecutive day, trading near 0.6514; up 1.20% this week. Australian trade surplus narrows, weaker exports partly offset by upbeat China…
WTI crude oil retreats on Wednesday, trading near $62.05 after failing to hold above $63.00 US data show that crude inventories fell, but gasoline and…
Gold rallies from $3,343 low after ISM and ADP reports confirm US economic slowdown. Trump signs executive order raising metal tariffs to 50%, escalating US-China…
The reason for the significant strengthening of the US Dollar (USD) in September, when Donald Trump’s second term in office was approaching, was obvious. It…
US May’s ISM Manufacturing PMI fell to a fresh six-month low. USD/JPY extends losses on rising demand for the safe-haven Yen. The US Dollar falls…