Market updates on July 16
Welcome to Tuesday!
Australian jobs data
| The Australian dollar is highly volatile. As the Reserve Bank of Australia does not aim at rate hikes, the Australian currency needs a support. Last time jobs data were not supportive. If this time the number of employed people rises and the unemployment rate goes down, traders can expect the AUD to strengthen. The Australian employment change and the unemployment rate will be released at 4:30 MT time on May 17. |
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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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