US headline CPI rose 0.3% mom in April, above expectation of 0.2% mom. CPI core rose 0.6% mom, above expectation of 0.4% mom. Food index rose 0.9% mom. Energy index declined -2.8% mom. Over the Read more…
The British Pound started a fresh decline from the 1.2500 resistance against the US Dollar. The GBP/USD pair traded below the 1.2320 support zone, but the bulls appeared near 1.2295 on FXOpen. A low was Read more…
Investors are looking for another sign of easing inflation pressures in the April CPI reading to tame the recent stock market rout on Wall Street. Updated at 8:46 am EST U.S. equity futures moved lower Read more…
Netflix sounded the alarm on streaming growth last quarter, but Disney has a few more levers to pull to power the media and entertainment group’s bottom line. Walt Disney Co. (DIS) – Get Walt Disney Read more…
There’s a lot been said about the US potentially hitting “peak inflation,” but it not all about today’s CPI print… Well, it obviously depends on the data, doesn’t it? But it is not all about Read more…
The New Zealand dollar has posted strong gains on Wednesday. In the European session, NZD/USD is trading at 0.6339, up 0.76% on the day. NZD/USD has been on a nasty slide, with only one winning Read more…
Heading into tonight’s crucial CPI data, gold is trading lower for a fourth consecutive week and has lost ~ 8% from its April 18, $1999 high. After topping in early March at $2070 after the Read more…
Today’s high volatility in grain markets still doesn’t match the levels found in 2008, though new tools have emerged to manage risk more efficiently. Corn, wheat, and soybean implied volatility and CVOLTM have been high Read more…
Lagarde signals a rate hike ECB President Christine Lagarde spoke today at an event sponsored by the Slovenia Central Bank, but what was of most interest were her remarks on future rate hikes. The ECB Read more…
“We expect Q2 to have both lower transaction volumes and lower (Monthly Transacting Users) than the Q1 levels,” said CEO Brian Armstrong. Coinbase Global (COIN) shares plunged lower Wednesday after the cryptocurrency trading platform posted Read more…