In focus today In the US, April PPI data is due for release. Yesterday’s CPI print showed sticky monthly services and super-core inflation, reinforcing concerns around persistent underlying price pressures. Markets will watch whether PPI Read more…
Daily Pivots: (S1) 1.3667; (P) 1.3695; (R1) 1.3722; More… USD/CAD’s breach of 1.3709 resistance indicates short term bottoming at 1.3549, on bullish convergence condition in 4H MACD. Rise from there is seen as the third Read more…
Markets are staying in a cautious holding pattern as investors awaited the highly anticipated Trump-Xi summit later this week, increasingly viewing the Beijing meeting as the decisive geopolitical checkpoint for both the Strait of Hormuz Read more…
April’s hot inflation reading isn’t going to change the Federal Reserve’s dire outlook for interest-rate cuts in 2026 but it will make incoming Fed Chair Kevin Warsh’s job tougher during his first year leading the Read more…
No surprise, US inflation accelerated in April – but the data released yesterday showed that it accelerated more than expected for both headline and core figures: the former rose to 3.8% – heavily impacted by Read more…
Key Takeaways US inflation accelerated sharply in April, with headline CPI rising to 3.8% y/y and core CPI to 2.8% y/y, reinforcing the “higher-for-longer” Federal Reserve narrative and effectively eliminating expectations for rate cuts in Read more…
New Zealand’s latest RBNZ Survey of Expectations showed a sharp rise in near-term inflation expectations, reinforcing concerns that price pressures may remain elevated even as growth slows. One-year-ahead CPI inflation expectations jumped from 2.59% to Read more…
Key Highlights WTI Crude Oil started a fresh increase above $98.00 and $100.00. It cleared a key bearish trend line with resistance at $99.20 on the 4-hour chart of XTI/USD. Gold is struggling to settle Read more…
The OECD projected on Wednesday that the Bank of Japan will continue steadily normalizing monetary policy, with the short-term policy rate expected to rise from the current 0.75% to 2% by the end of 2027. Read more…
Chicago Fed President Austan Goolsbee warned overnight that US inflation is moving in the “wrong way,” expressing particular concern that price pressures are spreading beyond energy and tariffs into broader service categories. His remarks followed Read more…