US consumer spending prices rose above expectations in April – PCE
Accelerating economic activity after vaccination resulted in significant drop in new virus cases, pushed US consumer prices past the Fed’s 2% target to the highest levels since 1992.
Consumer prices as measured by the personal…
Read More...
Read More...
Dollar holds gains and eyes US inflation data for fresh direction signal
The dollar remains within a narrow consolidation for the second day, following bounce from 4 ½ month low (89.50) driven buy month-end flows that boosted demand for the greenback.
Friday morning trading is quiet as investors await US…
Read More...
Read More...
Sterling holds gains after hawkish comments from BoE policymaker but the action remains within the…
Cable is consolidating after Thursday’s 0.60% jump on comments from BoE policymaker Vlieghe who said that the central bank could raise interest rates as soon as the first half of 2022 if the labor market recovers faster than expected.…
Read More...
Read More...
Break of trendline support to trigger deeper pullback
The Euro stands at the back foot in early Friday’s trading, signaling possible continuation of pullback from 1.2266 high, after Thursday’s neutral mode (Doji candle).
Fresh easing cracked trendline support at 1.2175 (bull trendline from…
Read More...
Read More...
US weekly jobless claims continue to decrease as the economy is rapidly reopening
The number of Americans filling for state unemployment benefits continues to decrease as rapidly reopening economy caused surge in demand for workers.
Initial jobless claims fell more than expected last week, totaling at 406,000 - the…
Read More...
Read More...
Oil eases after double-Doji, but signals remain mixed
WTI oil price edged lower on Thursday but remains within a narrow range that extends into third day and consolidating strong rally of last Mon/Fri (up 6.5%).
Oil remains supported by expectations for stronger demand on summer driving…
Read More...
Read More...
Bulls regained traction but eye US inflation gauge data for more signals
The dollar maintains positive near-term tone following Wednesday’s 0.34% jump (the biggest one-day gains since May 12) and probes through daily cloud top 109.16, as Thursday’s action is establishing above 109 mark.
Firm break of cloud…
Read More...
Read More...
Near-term structure weakens but fresh bears need more evidence to signal pullback
Cable stands at the back foot in European trading on Thursday and cracked important 1.4100 support (Fibo 23.6% of 1.3669/1.4238 rally), but so far lack strength to break lower and confirm signal.
Wednesday’s bearish acceleration and close…
Read More...
Read More...
Bulls pause on month-end flows
The Euro eases from new 19-week high (1.2266) on Wednesday, weighed by increased demand for the dollar at the end of the month and dovish comments from ECB officials that also push German yields lower.
Larger uptrend remains intact with…
Read More...
Read More...
EURTRY is consolidating under new record high
The Turkish lira is consolidating above the new record low vs Euro (10.3361) posted on Tuesday, with risk of further fall seen on Turkey’s strong export to the Europe, which significantly bigger than to the US.
Also, Turkish inflation data…
Read More...
Read More...