Australia’s labour market delivered a sharp negative surprise in April, with employment falling for the first time since November and the unemployment rate climbing to its highest level since late 2021. The miss against expectations raised doubts about near-term RBA tightening and sent the Australian dollar broadly lower. Key Takeaways Employment fell 18,600 (m/m) in April to 14,737,400, badly…
Germany’s finance ministry just reported a €41 billion federal budget deficit at the end of April earlier today. For a country that has long been the “frugal superpower” of Europe, the deficit number is quite the red flag for something at this stage of the year. It all continues to point to major economic and structural strain, suggesting Germany’s…
Standard Chartered’s Nicholas Chia argues that softer Australian labour data and activity indicators support the view that the Reserve Bank of Australia has likely peaked its cash rate at 4.35%. The bank highlights rising unemployment, weaker PMI and moderating wage growth, and sees a high bar for further hikes, with potential easing only if activity deteriorates sharply. Softer labour…
2026.05.21 2026.05.21 Short-Term Analysis for Oil, Gold, and EURUSD for 21.05.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro is trading in a short-term…
Gold has been struggling to find its direction lately, but it looks like a fresh trend is picking up for the precious metal. Is it time to go with the flow?
In the adverse scenario, it may be warranted to raise interest rates for the sake of credibility Don’t see any significant deviation in medium to long-term inflation expectations Wage growth is still moderating The comment in bold pretty much signals their intentions for the June meeting. As mentioned before, the ECB is up against a very difficult task in…
The USD/JPY pair trades calmly around 159.00 during the Asian trading session on Thursday. The pair turns sideways as investors await fresh developments regarding negotiations between the United States (US) and Iran, after President Donald Trump stated on Wednesday that talks are in “final stages”. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against…
This week, the U.K. dropped a double whammy of economic data, with fresh labour market figures printing on Tuesday and April inflation numbers following on Wednesday. Four Bank of England policymakers, including Governor Andrew Bailey, then sat before parliament to explain what it all means. The short version is that inflation is cooling on the surface, the jobs market…
Japan’s April exports rose 14.8% year-on-year, well above the 9.3% forecast, producing a surprise trade surplus of 301.9bn yen, as crude oil import volumes collapsed 64% in their steepest fall since 1980. Earlier: Summary: Exports rose 14.8% year-on-year in April, beating the 9.3% forecast and extending the run of positive annual growth to eight consecutive months Exports to the…
After bottoming out near 1.1580, EUR/USD regains balance and advances past the 1.1600 barrier ahead of the opening bell in Asia. The daily rebound in spot comes amid renewed selling interest hurting the Greenback on the back of somewhat easing geopolitical jitters. In the meantime, investors are expected to shift their focus to the upcoming advanced PMIs in Europe…
