Category forex

UK Labor Market Data Takes Center Stage

UK claimant count change expected at 25.9K The UK labor market is expected to show signs of softening, with the claimant count change projected at 25.9K, down from 26.8K previously. The average earnings index 3m/y is forecast to remain unchanged at 3.8%, while the une

AUD Gains Against Weakening USD

AUD/USD pair recovers from monthly low The AUD/USD pair staged a recovery from the 0.7120-0.7115 area, a fresh monthly low. The pair's modest gains came despite Iran tensions. The AUD/USD pair's movement is being closely watched by market participants.

Euro Rises From Six-Week Lows

Euro gains against USD despite risk aversion The Euro is trading higher against the US Dollar, near 1.1635, after hitting six-week lows above 1.1600. The currency's rise comes despite risk-averse markets and high oil prices. Prior to this, the Euro had been