U.S. labor market tightening; inflation steadily rising (news: 09/08/18)

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Alpari Market Review
Alpari Market Review
Today’s press

U.S. labor market tightening; inflation steadily rising

WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market weather ongoing trade tensions between the United States and a host of other countries.

U.S. Producer Prices Stagnate in July

Investing.com – U.S. producer prices were unchanged in July, according to data released on Thursday.

Sterling steadies near 11-month lows after Brexit slide

LONDON (Reuters) – Sterling steadied near 11-month lows on Thursday after a decline this week that was fueled by investor fears Britain will leave the European Union without an agreement on its future relationship with the bloc.

Bitcoin Price Looks to Defend $6K as Sell-Off Slows

Bitcoin (BTC) could defend the immediate support of $6,000 in the short-term as the recent sell-off is looking overstretched on the technical charts.

Next trading day’s important events

04:30 (GMT+3)  AU – RBA Monetary Policy Statement

11:30 (GMT+3)  UK – Gross Domestic Product (QoQ) (Q2)

15:30 (GMT+3)  US – Consumer Price Index Ex Food & Energy (YoY) (Jul)

15:30 (GMT+3)  CA – Unemployment Rate (Jul)

Forex quotes:

USDJPY: 110.91

EURUSD: 1.1565

Indices:

S&P 500: 2859.57

NASDAQ: 7911.15

 

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