In May, US PCE price index was flat mom, matched expectations. PCE core price index (excluding food and energy) rose 0.1% mom. Both matched expectations. Prices for goods fell -0.4% mom while prices for services Read more…
Nike shares slumped lower in early Friday trading, setting up the stock for a loss of around $21 billion, after the world’s biggest sportswear group issued a gloomy near-term sales forecasts that could test investor Read more…
ECB Governing Council member François Villeroy de Galhau expressed increased confidence in the inflation forecast today, noting that the frequency of data surprises has diminished. “As data surprises are now smaller and revisions to the Read more…
Japanese yen pushes above 161 The Japanese yen is unchanged on Friday, but has managed to set a new low against the US dollar. The yen is trading at 160.72 in the European session and Read more…
EUR/USD is on a downward trajectory on Friday, hovering around 1.0686 after a short-lived pause. The dollar experienced a temporary dip due to mixed American economic indicators and market anticipation ahead of the critical Core Read more…
Richmond Fed President Thomas Barkin highlighted the divergence between expectations and reality of US monetary in a speech today. He noted, “Most anticipated we would be cutting rates by now, either because we returned inflation Read more…
Check back for updates throughout the trading day U.S. equity futures moved higher Friday as investors entered the final trading day of the second quarter focused on a key inflation reading and the fallout from Read more…
The Canadian Dollar (CAD) saw volatile movement on Thursday due to mixed US economic data and a lack of domestic updates. With Canada absent from the economic calendar until Friday’s GDP report, the CAD was Read more…
GBPJPY posts several green days RSI and stochastics are overstretched GBPJPY is recording the tenth consecutive green day, posting a fresh 16-year high of 203.57. The market is looking positive, but the technical oscillators are Read more…
GBP/USD declined below the 1.2670 support zone. USD/CAD is rising and might aim for more gains above the 1.3735 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline Read more…