Data from both sides of the Atlantic painted a mixed picture yesterday. In Europe, July PMIs indicated slower expansion—or faster contraction in some regions—while in the US, the services sector slowed to near 50-mark, the threshold between expansion and contraction.
Wed, 06 Aug 2025 02:31:15 -0400
In the euro area, June retail sales will be released. In May, seasonally adjusted retail trade volume declined by 0.7%.
Wed, 06 Aug 2025 02:29:14 -0400
Slight delay in the release by the source. That's a poor reading with the only saving grace being that this is already factored into the Q2 equation.
Wed, 06 Aug 2025 02:00:49 -0400
There was quite a bit to digest with the US ISM services PMI print from yesterday here. For one, the headline was weaker than expected and it starts to bring up concerns that we're in for a string of bad data releases from the US following the poor labour market report last Friday.
Wed, 06 Aug 2025 00:47:39 -0400
Japan must balance its budget and push the central bank to raise interest rates to alleviate concern over the country's finances, Taro Kono, touted as a candidate to become the next prime minister, said on Wednesday.
Wed, 06 Aug 2025 00:44:52 -0400
The Indian rupee inched up on Wednesday, notching small gains before the central bank's policy decision, set against the backdrop of fresh trade frictions with the United States.
Wed, 06 Aug 2025 00:38:39 -0400
A look at the day ahead in European and global markets from Stella Qiu
Wed, 06 Aug 2025 00:31:57 -0400
The Indian rupee inched up on Wednesday, notching small gains before the central bank's policy decision, set against the backdrop of fresh trade frictions with the United States.
Wed, 06 Aug 2025 00:22:54 -0400
New Zealand's unemployment rate climbed to 5.2% in the June 2025 quarter, up from 5.1% in the previous quarter, as the labor market continues to show signs of gradual cooling amid broader economic headwinds.
Wed, 06 Aug 2025 00:07:00 -0400
The New Zealand dollar led gains in FX trade today, rising against the U.S. dollar after labour force data came in slightly weak but broadly in line with Reserve Bank of New Zealand (RBNZ) forecasts. The release keeps the RBNZ on track to cut its cash rate target from 4.25% to 4.00% at its next meeting on August 20.
Tue, 05 Aug 2025 23:47:47 -0400
Market expectations are running high for the U.K. central bank to cut interest rates this week, so will they deliver? Here's what to look out for when trading the August BOE decision.
Tue, 05 Aug 2025 23:46:00 -0400
New Zealand's Q2 labour market report confirmed continued softening, with employment falling -0.1% qoq and unemployment edging up to 5.2%. That marks the highest jobless rate since 2020, though still slightly below consensus of 5.3%.
Tue, 05 Aug 2025 23:03:03 -0400
The Indian rupee is likely to remain under pressure ahead of the central bank's interest rate decision on Wednesday, after nearing an all-time low following President Donald Trump's fresh threats of steep tariffs on Indian goods.
Tue, 05 Aug 2025 23:01:15 -0400
Japan's real wages continued to contract in June, falling -1.3% yoy — the sixth straight month of decline. While that marked an improvement from May's revised -2.6% yoy drop, persistent inflation, particularly in food prices, continues to erode household purchasing power.
Tue, 05 Aug 2025 22:40:24 -0400
The U.S. Department of Justice has charged two Chinese nationals with illegally exporting tens of millions of dollars' worth of advanced AI chips, including Nvidia's H100 processors, to China between October 2022 and July 2025.
Tue, 05 Aug 2025 22:38:01 -0400
The unemployment rate rose to 5.2% in the June quarter. This was a smaller increase than we expected, but was in line with the RBNZ's thinking.
Tue, 05 Aug 2025 22:25:46 -0400
Brent Crude Oil recently broke the support zone between the key support level of 68.00 (which reversed the price multiple times in July) and the two support trendlines from May.
Tue, 05 Aug 2025 22:08:03 -0400
The dollar was rangebound on Wednesday, with investors choosing to stay on the sidelines ahead of U.S. President Donald Trump's pick to fill a coming vacancy on the Federal Reserve's Board of Governors.
Tue, 05 Aug 2025 21:05:02 -0400
AUD/USD finds support as Australian data improves. Focus shifts to Fed rhetoric and interest rate differentials for near-term direction.
Tue, 05 Aug 2025 20:50:35 -0400
"Same Sample Base" or "Same Base" refers to wage data collected from the same set of firms over time, excluding newly added or removed companies. This gives a clearer view of underlying wage trends, filtering out distortions from changes in the survey sample.
Tue, 05 Aug 2025 19:39:14 -0400
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