The US Dollar experienced a corrective movement on Thursday, which helped the risk complex recover some ground before the release of the US PCE and advanced inflation data for the euro area, which are all scheduled for Friday.CurrenciesThe USD Index (DXY) came under pressure and retreated from weekly highs past …

Inflation is widely expected to record a slowdown in price growth in the United States, which could pave the way for the Federal Reserve to seriously consider cutting interest rates later this year.Meanwhile, US consumer income and spending readings may record signals that the US economy is not moving at …

Dell Technologies’ stock fell -8% in after-hours trading on Thursday, despite an all-around earnings beat in its first quarter. The company reported $22.24 billion in revenue and gains of $1.27 per share, beating analysts’ expectations by a large margin. Dell shares are up by over 120% year-to-date. The company’s earnings …

Three monetary policymakers contributed their remarks and statements about the labour market, inflation and interest rate policy in the United States ahead of the PCE data that is expected on Friday.Federal Reserve Bank of Atlanta President Raphael Bostic noted on Thursday during an interview with Fox Business that the Atlanta …

Crude Oil prices have fallen back despite a sharp decline in US crude oil supplies, with West Texas Intermediate crude oil trading at $77.51 per barrel. Investor concerns are growing that a reported extension in OPEC cuts will be enough to prop up barrel bids. OPEC and its extended network …

Gold is 0.26% up, trading at 2,343.18 per ounce at the time of writing. The precious metal‘s price has recovered after the US dollar weakens following the release of revised Q1 GDP data. The revised data suggests the US economy is not as strong as analysts had previously thought, potentially …

The personal consumption expenditures price index reading in the United States rose by 3.3% in the first quarter of 2024, versus a slightly larger rise of 3.4%, previous.The personal consumption expenditures index excluding food and energy prices in the United States recorded an increase of 3.6% in the first quarter …

Amid multi-week highs in US yields, the USD Index (DXY) increased further and broke above the crucial 105.00 barrier. A further update to the Q1 GDP Growth Rate is scheduled for May 30, with weekly Initial Jobless Claims, Goods Trade Balance, and Pending Home Sales serving as backups. Bostic, Williams, …

The dollar rose today, boosted by higher US bond yields ahead of key inflation data later in the week and strengthened against the Japanese yen. The dollar reached as high as 157.715 yen, edging closer to levels that led to bouts of likely intervention from Tokyo at the end of …

Oil prices fell on Thursday as markets await the latest U.S. crude oil stockpiles data. Resilient U.S. economic activity suggests that borrowing costs will remain higher for longer, potentially impacting demand. Brent futures lost 9 cents to trade at $83.52 a barrel, while U.S. West Texas Intermediate (WIT) crude was …