Switzerland’s trade balance grew 31.14% (MoM), increasing imports over exports in May 2021. The SNB maintained its interest decision at -0.75, retaining the world’s lowest funds rate into Q3 2021.Weekly US continuous jobless claims are expected to beat consensus estimates at 3.43 million. The USD/CHF pair grew 0.75% on June 17, 2021, from the previous day's close. It … [Read more...] about USD/CHF: Dollar Surges Ahead of Jobless Claims Report
U.S. Jobless Claims Climb Back Above 400,000
Source: US Labor Department American unemployment claims jumped back to the 400,000 level for the first time in three weeks. DXY is up 0.70%, Gold is down 1.71%. Seasonally adjusted initial claims for the week ending June 12. This is the highest since May 22's 405,000. The previous week's level was revised lower by 1,000 to 375,000 from 376,000.The four-week moving … [Read more...] about U.S. Jobless Claims Climb Back Above 400,000
Turkey Keeps Rate at 19% but Adopts Hawkish Stance
Source: Bloomberg The Central Bank of the Republic of Turkey on Thursday maintained policy rates, while shifting to a more hawkish stance. The Monetary Policy Committee left the benchmark interest rate at 19% for the third consecutive month, in line with market expectations.The central bank said it wills current "tight" policy stance will continue to be maintained … [Read more...] about Turkey Keeps Rate at 19% but Adopts Hawkish Stance
Rate Hike Expectations Drag Global Markets
Source: WSJ A number of stock markets across the globe retreated on Thursday, dragged by remarks of Federal Reserve officials hinting a possible rate hike in 2023. Declines were recorded on futures linked to the S&P 500, Nasdaq 100, and Dow Jones Industrial Average.Retreats were noted in most overseas markets -- the Stoxx Europe 600, Japan's Nikkei 225, South Korea's … [Read more...] about Rate Hike Expectations Drag Global Markets
Unemployment Rate in Hong Kong Falls for the third month to 6% in May
Source: Bloomberg Unemployment rate in Hong Kong fell to 6% in May, signaling the city’s likely step out from lengthy inflation. USDHKD is up 0.02% The 6% rate came below a consensus forecast of 6.2%.Unemployment rate came down for three months in a row, this was last witnessed in March 2011 when the rate fell for 5 consecutive months from November 2010.Number of … [Read more...] about Unemployment Rate in Hong Kong Falls for the third month to 6% in May
