Labor Market Weakness: The Growing Risk Traders Are Underestimating.Labor market stress may be building faster than markets are pricing, increasing the odds of faster Fed easing. Key signals in unemployment and jobless claims could drive the next move in stocks, gold, and DXY.
investingLive European FX markets wrap: UK inflation cools just before BOE decision.The key risk event of the session came early on in the form of the UK inflation report. The numbers underwhelmed on estimates, reflecting softer price pressures and that led to a drop in sterling as UK stocks rallied.
Oil News: Crude Oil Futures Rebound as Venezuela Blockade Shakes Oil Outlook.Crude oil rebounds as Venezuela's tanker blockade and a sharp U.S. inventory draw lift prices, shaping a cautious bullish oil outlook for traders.
EUR/JPY jumps above 182.00 as Japanese Yen underperforms, ECB-BoJ policy eyed.EUR/JPY jumps above 182.00 as Japanese Yen underperforms, ECB-BoJ policy eyed