You need to be logged in to view this content.
Summary
The UK jobs data will be out today at 9:30 AM GMT, and could help Market watchers get a better idea of whether or not British consumers can keep calm and carry on when the latest batch of employment figures are released. Traders are likely to pay attention to the average earnings index to see if wage growth can keep spending supported. This index is expected to advance from 2.3% to 2.4% for the three-month period ending in March, and a higher than expected rise could provide some assurance. Meanwhile, the claimant count change or the difference in the number of Brits claiming unemployment benefits from one month to the next is expected to show a 5.0K increase. This would mean another increase in unemployment, but at a slower pace compared to the earlier 25.5K rise. Euro-Zone Consumer Price Index will be out later at 9 AM. Japanese Yen could get some action during the next day’s Asian session, as Japan’s GDP is released at 11:50 PM GMT. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
Latest Live Videos
Editors’ Picks
AUD/USD rises to two-day high ahead of Aussie CPI
The Aussie Dollar recorded back-to-back positive days against the US Dollar and climbed more than 0.59% on Tuesday, as the US April S&P PMIs were weaker than expected. That spurred speculations that the Federal Reserve could put rate cuts back on the table. The AUD/USD trades at 0.6488 as Wednesday’s Asian session begins.
EUR/USD holds above 1.0700 on weaker US Dollar, upbeat Eurozone PMI
EUR/USD holds above the 1.0700 psychological barrier during the early Asian session on Wednesday. The weaker-than-expected US PMI data for April drags the Greenback lower and creates a tailwind for the pair.
Gold price cautious despite weaker US Dollar and falling US yields
Gold retreats modestly after failing to sustain gains despite fall in US Treasury yields, weaker US Dollar. XAU/USD struggles to capitalize following release of weaker-than-expected S&P Global PMIs, fueling speculation about potential Fed rate cuts.
Ethereum ETF issuers not giving up fight, expert says as Grayscale files S3 prospectus
Ethereum exchange-traded funds theme gained steam after the landmark approval of multiple BTC ETFs in January. However, the campaign for approval of this investment alternative continues, with evidence of ongoing back and forth between prospective issuers and the US SEC.
Australia CPI Preview: Inflation set to remain above target as hopes of early interest-rate cuts fade
An Australian inflation update takes the spotlight this week ahead of critical United States macroeconomic data. The Australian Bureau of Statistics will release two different inflation gauges on Wednesday.