The jobless rate in Australia came in at a seasonally adjusted 3.9 percent in May, the Australian Bureau of Statistics said on Thursday - unchanged from the April reading but above expectations for 3.8 percent. more...
In an effort to combat elevated inflation, the Federal Reserve on Wednesday announced the biggest increase in interest rates in almost thirty years. The Fed revealed that it has decided to raise the target rate for the federal funds rate by 75 basis points to 1.50 to 1.75 percent, marking the biggest rate hike since 1994. more...
New Zealand posted a seasonally adjusted current account deficit of NZ$8.5 billion in the first quarter of 2022, Statistics New Zealand said on Wednesday - following the NZ$6.6 billion shortfall in the three months prior. more...
The UK economy shrank for the second straight month in April after services, construction and production contributed negatively for the first time in more than a year, the Office for National Statistics said on Monday. Gross domestic product fell unexpectedly by 0.3 percent on month, faster than the 0.1 percent drop in March. more...
The Euro is struggling to rise despite an increasingly hawkish European Central Bank as competition gets stiff between its major peers. Where to for EUR/USD with the Fed’s turn next? Daily price is located far below 200 SMA on breaking the breaking the bearish triangle pattern to below for 1.0348 possible bearish target. Conclusion: strong bearish trend to be continuing or the secondary ...
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