Market updates on July 16
Welcome to Tuesday!
Australian Jobs Data
The state of a country’s labor market has a direct impact on its economic growth. Two big data releases will be published in Australia at 02:30 MT time on February 15. Employment change will show the change in the number of employed people during January. If the actual number exceeds forecast, the Australian dollar will go up.
Considering the unemployment rate, the situation is the opposite. If the actual number is less than the expected one, the currency will win. It shows the percentage of the total workforce that is unemployed and actively seeking employment during the previous month.
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Market updates on July 12
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Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold ascends on Brexit jitters
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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