China’s economic growth loses momentum in April
China’s industrial production (y/y) grew 4.1% in April (the slowest growth in almost three years), compared with a 5.7% rise previous month and well below consensus for 6.0% growth.
Retail sales, a gauge of consumption, have disappointed…
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Dollar index gains over 1% for the week on hawkish shift in Fed rate outlook / risk aversion
The dollar advances for the fourth consecutive day, riding on the wave of fresh risk aversion and being boosted by shift in Fed rate outlook, as rising inflation revives speculations of potential rate hike this year.
The dollar index hit…
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UK economy performed better than expected in Q1 – GDP
Great Britain’s economy grew by 0.3% m/m in March, compared to downwardly revised 0.4% growth in February and beating expectations for a 0.1% contraction.
The same report showed that economy expanded by 0.6% in the first quarter, against…
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Gold stands at the back foot as dollar benefits from higher US inflation
Gold holds in red for the second consecutive day, pressured by stronger dollar on growing uncertainty in the Middle East and sidelined expectations for potential Fed rate cuts, as inflation in the US rose further (both consumer and producer…
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USDJPY rallies for the third day on geopolitical uncertainty, higher US inflation
USDJPY advances for the third straight day, as stalling peace talks in the Middle East fuel uncertainty and boost dollar’s safe-haven appeal, while fresh rise of inflation in the US adds to Fed’s hawkish stance that underpins the greenback.…
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US inflation rises further in April
US inflation increased 0.6% in April after 0.9% rise in March, in line with expectations, while annualized CPI advanced 3.8% last month, compared to 3.7% forecast and 3.3% increase in March, in the biggest gain in three years.
So called…
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Sterling falls on deepening political crisis in UK
Cable fell around 0.8% on Tuesday on deepening political crisis, following calls from a number of lawmakers to PM Starmer to step down after his Labour Party suffered heavy losses in recent local elections.
Fresh weakness of sterling and…
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BTCUSD – bulls hold grip above 80K but 200DMA barrier provides strong headwinds
Bitcoin continues to trade above 80K mark that keeps near-term action biased higher, with broader uptrend (BTC is moving within a bull-channel off Mar 30 higher low) being fully in play so far.
Fresh recovery leg from 79136 (May 8…
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US nonfarm payrolls rise well above expectations in April
US nonfarm payrolls increased by 115,000 jobs in April compared to an upwardly revised 185,000 advance in March and nearly doubled forecasts for payroll rising by 62,000.
The same report showed that unemployment remained unchanged at…
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Gold hits two-week high as dollar / crude prices fall on growing peace optimism
Gold advanced 5% in past three sessions and hit two-week high on Thursday, as fresh waves of optimism about potential end of US-Iran war revived risk appetite and deflated prices of crude oil and dollar.
The metal rose further on…
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