As the rate hike cycle unfolds, unemployment is a crucial series to watch
As we progress through the current rate hiking cycle, unemployment is an essential economic series to monitor.
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As we progress through the current rate hiking cycle, unemployment is an essential economic series to monitor.
UKOil supported into US session.
Economic activity grew at a slower - albeit still solid - pace in the first quarter and in line with RBA’s projections and the pair is on the back foot as the US Dollar rebounds
Eurozone preliminary headline inflation printed at an all-time high of 8.1% YoY for May. This number is higher than the forecast of 7.8% YoY and above the previous month's release of 7.5% YoY. The major contributor was the much higher energy prices due to Russia's invasion of Ukraine. However, it's not the only worry. Food, alcohol and tobacco price also contributed to the blowout figure.
The US 10-year Treasury note has broken out of a falling wedge pattern following hawkish comments by Fed Governor Waller.
Oil prices get a boost from the demand and potentially the supply side, if the EU can ratify an embargo on Russian oil.
Oil prices are moving again, with both USOil and UKOil charting a higher trough followed by a higher peak on their respective weekly charts. I.e. the longer-term has reaffirmed its uptrend.
Consumption makes up around 70% of the US GDP. However, all is not well with the US consumer.
NZD/USD jumped after the Reserve Bank of New Zealand hiked interest rates by 50 basis points, to 2%, the highest level since September 2016
Gold finds support in US session after some calendar releases disappoint.
Japan’s core Consumer Price Index (CPI) jumped above the central bank’s 2% target in April as today’s data showed, with the pair trading with caution and heading towards another losing week
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