BoE Faces Pressure Following Average Earnings Spike as Unemployment Rises, GBP/USD Bid

UK unemployment rises to levels last seen in late 2021. Average earnings touted as key by the BOE smashed estimates and is likely to add pressure on the Central Bank to keep its foot on the rate hike pedal.

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Australian Dollar Defies Gravity with Action Out of China, the PBOC and Japan

The Australian Dollar initially dipped lower before rallying as the US Dollar paused in its recent run-up while Chinese data showed a fragile economy needing stimulus. Higher AUD/USD?

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Market relief in Wall Street amid China’s jitters: Russell 2000, Straits Times Index, AUD/USD

Wall Street managed to start the week higher, tapping on some recovery in big tech and semiconductors to override earlier jitters around China’s property and financial sector risks.

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