US core PCEPrior was +4.7%PCE core +0.3% m/m vs +0.3% expectedPrior MoM +0.3%Headline inflation PCE +3.8% y/y vs +4.4% prior (revised to +4.3%)Deflator +0.1% m/m vs +0.4% priorConsumer spending and income for May:Personal income +0.4% vs +0.3% expected. Prior month...
Canada GDP for April 0.0% versus 0.2% expected
Canada GDPPrior month 0.0% revised to +0.1%April GDP 0.0% versus 0.2% expectedgoods producing industries up 0.1%service producing industries 0.0%11 of 20 industrial sectors posted increasesAdvanced GDP for May is expected at 0.4%. The advanced number for April was...
(99.8%가 모르는) 새로운 자동 부업! 1번만 실행해도, 돈이 평생 들어옵니다 (바로 따라해 보세요! 집에서 0원으로 자동 부수입 만들기)
https://www.youtube.com/watch?v=nZ2uCKwmVEQ 재택 부업을 비롯해, 그동안 돈버는 다양한 직장인 부업과 투잡을 소개해드렸는데요, 오늘은 1번만 실행하면, 더이상 아무것도 안하고, 일을 안해도 평생 돈이 들어오는 자동 부업 방법을 소개하려고 합니다 컴퓨터, 노트북 등만 있으면 누구나 쉽게 도전해볼 수 있는 부업인데요, 0원으로 시작할 수 있고, 원리만 알면 간단해서 영상을 보시고, 월급 외 부수입에 관심이 있으신 분은 지금이라도 당장, 가벼운...
The GBP is the strongest and the CHF is the weakest as the North American session begins
The strongest to weakest of the major currenciesThe GBP is the strongest and the CHF is the weakest as the North American session begins. The USD is mixed ahead of the key core PCE data at 8:30 AM ET. Overnight, in Japan, the Tokyo Core Consumer Price Index (CPI)...
PBOC reaffirms to implement prudent monetary policy
To implement prudent monetary policy accurately and forcefullyTo effectively support domestic demand expansion, improve private consumption environmentTo ensure delivery of housing, promote healthy development of real estate marketTo keep liquidity reasonably ample,...
Memecoin MOOKY Raises $900,000 Ahead of Its Final Presale Stage
Memecoin Mooky is gearing up for its final presale phase, having raised $900,000 to date. More than just a novel crypto token, Mooky aims to support the environment through a major tree-planting campaign.Mooky will be a community-driven platform whose governance...
ForexLive European FX news wrap: Dollar mixed, Eurozone core inflation sticky
Headlines:Markets:GBP leads, CAD lags on the dayEuropean equities higher; S&P 500 futures up 0.3%US 10-year yields up 1.6 bps to 3.870%Gold down 0.1% to $1,905.63WTI crude down 0.1% to $69.76Bitcoin up 1.2% to $30,775And just like that, we're about to reach the...
Gold Price Latest: Testing Support as US Inflation Data Nears
Gold Price (XAU/USD) Analysis, Price, and ChartUS PCE print may spark a bout of short-term volatility in the precious metal.Technical support is coming under pressure. Recommended by Nick Cawley How to Trade Gold Get My Guide For all market-moving data releases and...
Japan MOF confirms no currency intervention so far in the past four weeks
They have been releasing this periodically every month, with this one covering the period from 30 May to 28 June. The MOF notes that there was zero Japanese yen spent on currency intervention during that time. With USD/JPY now knocking on the door of 145, will next...
What is priced in for the RBA policy decision next week?
In terms of market pricing, we're not seeing strong conviction expecting the RBA to raise the cash rate next week. Based on cash rate futures, there is a roughly 63% probability that there will be no change with the other 37% expecting a 25 bps rate hike. If you want...
Rotation, Sectors and Stock picking
We seem to be seeing a little bit of rotation in the allocation to US indices. This is a rather strange thing to see in 2023: after all, the US30 is up 2.94% YTD, compared to 15.47% for the US500 and 36.57% in the case of the Nasdaq. But if we look at the performance...
Equities gain added momentum so far in European trading
Eurostoxx +0.6%Germany DAX +0.8%France CAC 40 +0.8%UK FTSE +0.5%S&P 500 futures +0.3%Nasdaq futures +0.5%Dow futures +0.1%Perhaps we are seeing some window dressing at play before we hit the end of the quarter and the half-year mark? In any case, it's a tough one...
Eurozone May unemployment rate 6.5% vs 6.5% expected
Prior 6.5%The euro area jobless rate is seen stable in May and is even lower compared to the 6.7% reading from last year during the same period. That speaks to the lack of impact the supposed slowdown in the economy is having on the jobs market, which has been a...
Eurozone June preliminary CPI +5.5 vs +5.6% y/y expected
Prior +6.1%Core CPI +5.4% vs +5.5% y/y expectedPrior +5.3%The good news here is that headline annual inflation has declined further on the month, even when accounting for the higher base effects in Germany. However, core inflation remains stubbornly high and that is...
China reportedly surveyed some foreign banks about dollar deposit rates
The questioning is perhaps the more polite way of doing things with the source also saying that they have guided one commercial lender to lower such rates. With the recent softness in the yuan, this has been one measure that local authorities are taking in order to...
USDCAD Technical Analysis – Back above 1.3225
We keep hearing from the Fed members that two or more rate hikes this year are likely if the data remains solid. In fact, since the last FOMC meeting, the data indeed kept on surprising to the upside and led to a more hawkish repricing in interest rates expectations...
Market Update – June 30 – Eyes on PCE
The surprisingly strong GDP revisions and the drop in jobless claims raised fears the FOMC will have to tighten rates further and boosted Treasury yields higher. The bear flattening trade boosted rates to the highest levels since March, the last time the markets...
Japan’s Matsuno says closely watching FX moves with high sense of urgency
Important for exchange rate to move stably, reflecting economic fundamentalsSharp, one-sided moves are seen recentlyTo take appropriate steps on excessive FX movesThe comments are pretty much a copy and paste, so they're not going to have much of an impact on markets...
GBPUSD Technical Analysis – US Dollar Strength
The Fed members and Fed Chair Powell keep on repeating that they expect two or more rate hikes if the data remains strong. Since the last FOMC meeting, the data kept on surprising to the upside with very strong housing market indicators, solid US Jobless Claims, US...
European equities open slightly higher today
Eurostoxx +0.1%Germany DAX +0.3%France CAC 40 +0.1%UK FTSE +0.1%Spain IBEX +0.3%This comes after the better performance by the value and heavyweight stocks yesterday, with the Dow rising and the Nasdaq slipping. For now, US futures are keeping steadier as well so that...