Gamestop – What happened?
The global finance market was rocked this week by the surprise rally of US video game products, consumer electronics and games retailer GameStop, which was founded in 1984 in Grapevine,…
Read More »Australia – NAB business confidence, December 2020: 4 (prior 13) and conditions 14 (prior 7)
A lacklustre ‘confidence’ result, but do note the ‘conditions’ index tends to be more objective. Main points/remarks via NAB: Business conditions rose further in December to its highest level since…
Read More »Australia preliminary trade balance for December. Exports +16% m/m, imports -9%.
For the y/y figures exports +3% and imports no change, 0%. The prelim data is subject to revision.
Read More »Australia employment change 50K vs. 50K estimate
Australia employment statistics for December 2020 – Employment change 50 K vs. 50 K estimate – Unemployment rate 6.6% vs. 6.7% estimate. Down from 6.8% last month
Read More »FX Update – January 18 – USD Holds on to gains
USDindex, H1 The USDIndex has posted a one-month high at 90.88, which sets up potential for a third consecutive up week, something that hasn’t been seen since January last year….
Read More »Australian Dollar Outlook: Rising Commodity Prices to Drive AUD Higher
Australia’s success in suppressing the novel coronavirus and soaring commodity prices may continue to underpin the cyclically-sensitive AUD in the coming months.
Read More »Australia – ANZ job advertisements for December: +9.2% m/m (prior +13.9%)
ANZ’s survey of job ads shows its strongest rise for 18 months ANZ comments:
Read More »Australia November preliminary retail sales +7.0% m/m (vs +2% expected)
The preliminary data is, of course, subject to later revision. For now though, comes in at a whopping +7.0% m/m Further growth was the expectation given indications of high Black…
Read More »Events to Look Out for Next Week
Holiday-thinned staffing in Europe, Asia and the US in the end of the week ahead will severely curtail trade, though what this means for volatility is anyone’s guess. The most…
Read More »Australia jobs report (Nov.): Employment +90K (expected +40K) & Unemployment rate 6.8% (expected 7.0%)
The Australian labour market report for November 2020 … another great report after the upside blowout in jobs the previous month also Employment Change: -90K to smash expectations a second…
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