Phyllis Wangui is a Financial News Editor with extensive knowledge of the forex, stock news, stock market, forex analysis, cryptos and foreign exchange industries.Phyllis is an avid commentator on these topics and loves to share her insights with others through financial publications and social media platforms.
US retail sales rose by 0.3% in May, surpassing market expectations of a 0.1% decline. Retail sales excluding autos also rose by 0.1% above expectations. While these numbers are impressive, they were offset by the latest Jobless Claims data. As… Read More »US Retail Sales Exceed Expectations
May 2023 saw significant growth in employment in Australia, with a whopping 75.9k new jobs added – far surpassing the predicted 17.5k. This surge has positive implications for the economy, particularly consumer spending. The Australian dollar is on the rise,… Read More »Aussie Job Boom: 75.9k Employment Increase, Boosts AUD/USD
Highlights Prepare for a big week in the markets with major currency pairs fluctuating within narrow ranges. The US economic sector has no high-impact releases today, but Tuesday will see the release of the Consumer Price Index (CPI) data for… Read More »Markets Event: U.S. CPI, Rates, PPI, Tesla Surge, and More
With a relatively quiet economic calendar, investors are already looking ahead to next week’s potential market-moving events. All eyes are on the US inflation data on Tuesday and the Fed decision on Wednesday. These events could set the tone for… Read More »Weekend Preview: Focus on US Inflation Data and Fed Decision
Australia caused shockwaves in the market two days ago with its unexpected rate increase to 4.1%, and Canada has just followed in its footsteps. The Bank of Canada has raised its overnight rate to 4.75%, the highest it has been… Read More »USD/CAD Plunges to 1.3350 as BoC Soars Rate to 4.75%
After catching the market off-guard with a 25 basis points (bps) rate hike in May, the Reserve Bank of Australia (RBA) made another unexpected move in June by raising the Official Cash Rate (OCR) by 25 bps to 4.10%. This… Read More »RBA Rate Hike to 4.10% in June: AUD/USD and AUD/JPY Rise Too
The EUR/USD is fluctuating above the key support level of 1.0760 but showing a loss of upside momentum. The US Dollar Index (DXY) attempted to defend its weekly low of 103.44 after a sell-off. S&P 500 futures are holding gains… Read More »EUR/USD Struggles Above 1.0760 Amid US NFP and ECB Bets
Volatility, Bollinger Bands, and Fibonacci are some of the key talking points surrounding the recent breakout of the Australian Dollar. While building approvals for April came in lower, the AUD/USD pair seems to be taking it in stride. Could this… Read More »Can the AUD Rebound After Range Break? AUD/USD Analyzed
The country’s measure of inflation, the Personal Consumption Expenditures Price Index (PCE) , rose to 4.4% in April from March’s 4.2%, as reported by the US Bureau of Economic Analysis on Friday. Economists expected 3.9%. The Federal Reserve’s preferred gauge… Read More »US Inflation Surpasses Expectations at 4.4%: Dollar Rebounds
Britain’s inflation rate has dropped to its lowest point since the cost of living crisis began, with a decline to 8.7% in April. The Office for National Statistics (ONS) revealed that the rate fell below double digits for the first… Read More »UK Inflation at 8.7% Despite High Food Costs
