Image: Alex Parkin / The Verge The algorithm that powers Google Search is one of the most important, most complicated, and least understood systems that rule the internet. As of this week, though, we understand Read more…
Personal income slowed to 0.3% month-on-month (m/m) in April, down from March’s 0.5% gain, but in line with market expectations . Accounting for inflation and taxes, real personal disposable income declined -0.1% m/m in April, Read more…
Daily Pivots: (S1) 156.23; (P) 156.96; (R1) 157.54; More… Intraday bias in USD/JPY remains neutral first. Decisive break of 156.36 will confirm short term topping at 157.70, on bearish divergence condition in 4 H MACD. Read more…
Daily Pivots: (S1) 0.8995; (P) 0.9070; (R1) 0.9110; More…. Intraday bias in USD/CHF remains on the downside for the moment. Fall from 0.9157 is seen as the third leg of the pattern from 0.9223. Deeper Read more…
Daily Pivots: (S1) 1.2693; (P) 1.2721; (R1) 1.2760; More… GBP/USD is still bounded in range below 1.2799 and intraday bias remains neutral for the moment. Further rise is expected as long as 1.2670 support holds. Read more…
Daily Pivots: (S1) 1.0798; (P) 1.0822; (R1) 1.0855; More…. Focus is now on 1.0894 in EUR/USD with today’s strong bounce. Firm break there will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 Read more…
Euro surges broadly today after Eurozone inflation data showed larger than expected re-acceleration in May. While this increase doesn’t shift the consensus that ECB will proceed with a rate cut next week, it significantly dampens Read more…
Updated at 9:49 AM EDT The Federal Reserve’s preferred measure of inflation eased modestly in April, suggesting some early progress in slowing consumer-price pressures into the summer months. The Bureau of Economic Analysis’s PCE Price Read more…
Canada’s GDP was essentially unchanged in March, matched expectations. Both goods-producing and services-producing industries were essentially unchanged. Overall, 11 of 20 sectors increased in the month. Advance estimate suggests that GDP rose 0.3% mom in April. Increases in manufacturing, Read more…
US PCE price index rose 0.3% mom in April, matched expectations. Core PCE price index (excluding food and energy) rose 0.2% mom, below expectation of 0.3% mom. Prices for goods increased 0.2% mom, and prices Read more…