The daily RSI is pointing upwards, hovering around 70, but continuing red bars in the MACD show a trailing consolidation. On the hourly chart, indicators are neutral and reside in the positive terrain. The 20-day SMA at 169.00 serves as an important threshold for sellers. On Friday’s trading session, despite recent downside corrections, the EUR/JPY […]
Brief Summary: The nonfarm payrolls figure released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business, within the States. The payrolls figure can change significantly month on month, due to its high correlation with economic policy decisions made by the US Central Bank. The […]
The big event of the week was the US core PCE data. The core PCE is the Fed’s favored measure of inflation. Expectations were for 0.3% increase. The actual increase rounded to 0.2% for the core measure. In reality, the unrounded number was 0.249% just under the number needed to round to 0.2%. As a […]
Trump Media stock rotates 4% lower after gaining in premarket. Donald John Trump was convicted of 34 felony counts for falsifying business records on Thursday. New York state jury was unanimous on all counts against former President. DJT stock support sits near $42 if shares fall out of $45 to $50 consolidation zone. Trump […]
US Dollar Weakens After Monthly Inflation Cools, Gold Gains Momentum US Core PCE 2.8% vs 2.8% expectations and prior. US dollar edges lower, but move lacks conviction. Recommended by Nick Cawley Get Your Free USD Forecast The US dollar slipped lower and gold picked up a small bid after the latest US PCE data hit […]
The strongest to the weakest of the major currencies The NZD is the strongest and the CHF is the weakest as the North American session begins. Today at 8:30 AM, the US PCE data will be released for the month of April. The core PCE is the favored inflation measure for the Fed. Adam previewed […]
UBS expressed caution regarding the New Zealand dollar (NZD), citing a challenging economic outlook and potential for underperformance against other major currencies. The pair has been trading within the 0.59 to 0.62 range recently, with New Zealand’s relatively high-interest rates offering some support despite a weakening domestic economy. Inflation in New Zealand remains high, influenced […]
UBS analysts highlighted the possibility of the Bank of Canada (BoC) implementing a rate cut before the U.S. Federal Reserve, amid economic slowdown concerns. The Canadian dollar (CAD) is expected to face only modest inflationary pressures from a weaker currency as a result. UBS predicts the first BoC rate cut could occur in the summer, […]
Portugal Gross Domestic Product (YoY) above expectations (1.4%) in 1Q: Actual (1.5%) Source link
Most Read: Market Sentiment Analysis & Outlook – EUR/USD, USD/CAD, Dow Jones 30 Gold (XAU/USD) has enjoyed a remarkable rally this year, peaking near $2,450 in early May. However, the upward impetus has recently started to wane, with bullion retreating over 4% from its highs in the past few trading sessions. This price correction suggests […]
The main events by the morning: May 30
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The main events by the morning: May 30 Source link
By Hannah Lang NEW YORK (Reuters) -The dollar fell on Thursday after revised data showed that gross domestic product, the broadest measure of economic activity, grew at slower pace than previously expected in the first quarter. The Commerce Department reported the U.S. economy grew at an 1.3% annualized rate from January through March, down from […]
