We try not to react to just one data point because, as we have always said, “a data point doesn’t a trend make.” Furthermore, we don’t know if this is just a one-time event or if it is the start of ...
Goolsbee: the More Jobs Report That Look Like They Did Pre-Covid the More Confidence There’s That the Economy is Not Overheating ...
Total assets on the Fed’s balance sheet fell by $77 billion in April, to $7.36 trillion, the lowest since December 2020, ...
In March 2024 the number of both employed and inactive people rose, while unemployed persons fell. On a monthly basis, the increase in employment (+0.3%, +70 thousand) affected both men and women and ...
In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%). In March 2024, production fell back in ...
The global economy is continuing growing at a modest pace, according to the OECD’s latest Economic Outlook. The Economic ...
Saxo Bank’s FX clients traded worth $4.1 billion daily in March, the lowest turnover since December 2021. The Danish multi-asset brokerage reported its total monthly FX volume for April 2024 at $99.3 ...
There has been a notable change in the tone of the data recently as we have moved from stonking disinflationary boom to ...
On Friday (May 3), the Australian Judo Bank Services PMI put the AUD/USD in focus early in the session. The Judo Bank Services PMI declined from 54.4 to 53.6 in April, down from a preliminary 54.2.
Traders who’ve amassed the largest bet on record against the yen are at a crossroads: Do they stick with their shorts despite signs that Japan is intervening in foreign-exchange markets to prop up the ...
Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country’s policymakers if the yen ...
USDCNY has risen to an upper bound of the trading band, and the CNY is facing depreciation pressure. Officials have communicated that they prefer a stable yuan, and the PBoC has kept the fixing stable ...