Is the elusive US wage growth already here? First we had evidence from the Employment Cost Index and Labor Unit Costs. Then, we finally saw a tick up in the NFP’s Average Hourly Earnings, that broke out of range and showed +2.3% y/y in May. New data from the Atlanta Fed, that recently came to light … “US Wage Growth Accelerates to 3.3% – Highest In 6”
Month: June 2015
Even Trade Data Can’t Help UK Pound
UK pound is still struggling, even after the release of positive trade data. Concerns about a possible exit from the European Union are causing concern for the sterling. The latest trade deficit data indicates that the situation in the United Kingdom is improving. The Office of National Statistics has reported that the deficit narrowed to 1.2 billion pounds in April, representing the lowest level in more than a year. There are hopes that … “Even Trade Data Can’t Help UK Pound”
SNBomb: Disturbing information on IG and Alpari UK
It’s almost 5 months since the Swiss National Bank shocked markets and removed the floor under EUR/CHF. The move not only ruffled the feathers of traders, but also had significant implications on many brokers, including some that got into serious trouble and others that went bust. Clients of defunct broker Alpari UK are still struggling, even on … “SNBomb: Disturbing information on IG and Alpari UK”
Steve Ruffley’s iView Charts now available on Tradable
iView Charts is now available on the Tradable platform. The new addition comes from Steven Ruffley, who is renowned a renowned analyst. Here is more information from the official press release: 9 June 2015 – iView Charts, developed by renowned trading expert Steve Ruffley in conjunction with Tradable, is now available on the Tradable platform. iView … “Steve Ruffley’s iView Charts now available on Tradable”
Euro Jumps Against Other Majors Despite Concerns About EU Integrity
The euro jumped against the basket of major currencies today, surging more than 1 percent versus the US dollar and the Great Britain pound. The currency has rallied even though there are significant concerns about the integrity of the European Union. Of course, there is the problem with Greece that is in danger of a default as the bailout program near to an end in June. So far, the indebted country refused to take necessary austerity measures … “Euro Jumps Against Other Majors Despite Concerns About EU Integrity”
Australia Bounces After Poor Start of Trading
The Australian dollar has started the Monday’s session poorly due to the news from China released during Asian trading hours. Yet as of now, the currency managed to bounce against the US dollar and the Japanese yen, though retained its losses versus the euro. According to the data released today, China’s trade surplus has increased last month. While an improving trade balance usually is a good sign, this time the improvement has … “Australia Bounces After Poor Start of Trading”
USD/JPY: Trading the US JOLTS Jobs Openings
JOLTS Job Openings measures the number of employment openings each month, excluding the farm industry. A reading which is higher than the market forecast is bullish for the dollar. Update: US JOLTs leap to 5.376 million Here are the details and 5 possible outcomes for USD/JPYUSD/JPY Published on Tuesday at 14:00 GMT. Indicator Background Employment releases are among … “USD/JPY: Trading the US JOLTS Jobs Openings”
Loonie Loses Ground After Ending Last Week Strong
Canadian dollar ended last week on a strong note, but the currency is mostly lower today as a new week gets under way. Forecasts expect to see the loonie weaken through the rest of 2015. Even with the positive jobs report issued at the end of last week, the Canadian economy still faces some challenges for the rest of 2015. One of the biggest issues likely to weigh on loonie performance is oil. Oil prices continue … “Loonie Loses Ground After Ending Last Week Strong”
Turkish Lira Sinks to Record Low After Elections
The Turkish lira plunged to the all-time low against the US dollar today after the ruling party failed to secure a majority in the parliament, increasing political uncertainty in the country. The ruling Justice and Development Party, or AKP, has lost its parliamentary majority for the first time since 2002, resulting in a fragile minority government. This may derail any plans that President Recep Tayyip Erdogan has and destabilize the political landscape in the country. Turkeyâs benchmark … “Turkish Lira Sinks to Record Low After Elections”
US Dollar Lower on Profit Taking; Dollar Index Still Higher
US dollar is falling in some of its currency pairs today as profit taking after the surge at the end of the week sets in. Dollar index is still managing to remain higher, however. Greenback surged at the end of last week, thanks to better than expected nonfarm payrolls numbers. Other data has many speculating that the Federal Reserve will decide to raise interest rates as early as September. Today, after the gains … “US Dollar Lower on Profit Taking; Dollar Index Still Higher”