Forex Market

U.S. inflation remained unchanged in April, raising concerns for the Federal Reserve that the high pace of price increases might persist longer than expected. This development casts doubt on the timeline for potential interest rate cuts. The personal consumption expenditures (PCE) price index, a key inflation gauge closely monitored by …

Euro zone inflation unexpectedly rose in May, signaling a more protracted path towards the European Central Bank’s (ECB) 2% target. While this development is unlikely to derail the anticipated interest rate cut next week, it might prompt a pause in July and a slower pace of easing in the coming …

The U.S. dollar rebounded in early European trading on Friday, recovering from previous losses as traders awaited the release of key inflation data, which could significantly influence future interest rate expectations. At 04:30 ET (08:30 GMT), the Dollar Index, tracking the greenback against a basket of six other currencies, rose …

European stock markets experienced mixed trading within narrow ranges on Friday, as investors cautiously awaited the release of crucial eurozone inflation data, which will provide valuable insights into the future direction of global monetary policy. Early trading saw the DAX index in Germany dip 0.2%, while the CAC 40 in …

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 …

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 …

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 …

European stock markets found some stability on Thursday as bond markets recovered from the previous day’s sell-off, which was driven by expectations of prolonged higher interest rates due to persistent inflation. The pan-European STOXX 600 index edged up nearly 0.2%, following a decline of over 1% on Wednesday. Germany’s DAX, …