U.S. inflation pressures eased notably last month, data indicated Thursday, further fueling market bets on a Federal Reserve interest rate cut in mid-September. The Commerce Department said its headline Consumer Price Index for June was Read more…
Daily Pivots: (S1) 161.38; (P) 161.59; (R1) 161.93; More… USD/JPY declines sharply in early US session and breaks 160.25 support decisively. Considering bearish divergence condition in D MACD, fall from 161.49 might already be correcting Read more…
Dollar tumbled sharply in early US session following lower-than-expected consumer inflation readings. Headline CPI showed its first month-over-month decline since early 2023, while core CPI annual rate unexpectedly slowed to its lowest level since April Read more…
If you spend a lot of time on Elon Musk’s social media platform, X, you will be more than able to find the billionaire mogul singing the praises of another notable company he owns: EV Read more…
US initial jobless claims fell -17k to 222k in the week ending July 6, below expectation of 239k. Four-week moving average of initial claims fell -4k to 233.5k. Continuing claims fell -4k to 1852k in Read more…
In June, US CPI fell -0.1% mom, versus expectation of 0.1% mom rise. Core CPI (all items less food and energy) rose 0.1% mom, below expectation of 0.2% mom rise. Energy index fell -2.0% mom Read more…
Pfizer shares moved firmly higher in early Thursday trading, putting the stock within touching distance of its highest level of the year, after the drugmaker pushed forward with a weight loss pill that could challenge Read more…
Positive news for the Pound, beyond the fact that England will play in the Euro-24 final. The monthly estimate showed that the economy grew by 0.4% in May (twice as much as expected) and that Read more…
Cable hit new four-month high in European trading on Thursday, lifted by better than expected UK May GDP numbers, which poured cold water on expectations for BoE rate cut next month. Fresh strength broke through Read more…
The British pound has extended its gains on Thursday. GBP/USD is trading at 1.2876 in the European session, up 0.22% on the day. UK GDP beats expectations The sun is shining in London today and Read more…