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 2026. Semiconductor stocks led a broad technology pullback after an extended rally, with the Philadelphia Semiconductor Index falling 3% as […]
The post US Inflation Reaccelerates to 3.8%, and Chip Stocks Falter appeared first on ActionForex.
Daily Pivots: (S1) 0.7770; (P) 0.7796; (R1) 0.7827; More…. USD/CHF is staying in range trading and intraday bias remains neutral for the moment. With 0.7847 resistance intact, further decline is expected. On the downside, decisive Read more…
Daily Pivots: (S1) 0.7214; (P) 0.7232; (R1) 0.7257; More… Intraday bias in AUD/USD remains neutral as consolidations continue below 0.7277. With 0.7101 support intact, further rally is expected. On the upside, above 0.7277 will resume Read more…
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…