The Australian dollar slid to a three-week low against its US counterpart in Asian trading on Thursday, as open selling accelerated following gloomy labor market data out of Australia. The data showed that the country's unemployment rate rose to its highest level in three and a half years, with fewer jobs added than expected in June. This marked the latest...

The US dollar recovered during Thursdays trading after President Donald Trump dismissed fresh rumors of his intent to fire Federal Reserve Chair Jerome Powell. Meanwhile, a strong earnings season helped end a four-day losing streak for European stock markets. The pan-European Stoxx 600 index (.STOXX) opened notably higher, supported by record order volumes announced by Swiss engineering giant ABB, and...

Researchers from three prestigious universities Durham, Oxford, and Toronto have published a new scientific paper offering guidance for exploring underground hydrogen deposits, claiming that the planets reserves could, in theory, meet all energy needs for many years to come to such an extent that the figure cited might seem like fanciful exaggeration if repeated. (See: Ballentine, et. al. Natural hydrogen...

In a new research memo outlining potential scenarios if President Donald Trump were to fire Federal Reserve Chair Jerome Powell, analysts warned that regardless of how events unfold, it would be chaotic. Tobias Marcus and Chutong Zhu of Wolfe Research wrote in a client note: We expect, as most do, that the outcome would be sharply negative for markets, including...