Tag Archives: inflation data

Early French elections shake investors’ confidence in the economyFinancial markets were taken aback by French President Emmanuel Macron’s announcement to hold early elections, which has raised questions about his pro-business agenda and the country’s already precarious finances.Market reactions:Following the announcement of a sell-off of French assets on Monday, investors are …

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 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 …

European stock markets displayed a mixed performance on Tuesday, with the return of U.K. markets after a holiday break. Investors eagerly anticipated key inflation data from both Europe and the United States, seeking insights into the future direction of monetary policy. Early in the trading day, Germany’s DAX index edged …

The Canadian dollar has been under scrutiny recently as investors closely monitor economic data and central bank statements. Here’s a breakdown of the recent developments and their impact on the CAD as the USD/CAD pair is 0.20% up trading at 1.3651 at the time of writing.Inflation Data, Rate Cut Bets …

This week’s US economic data schedule is somewhat low; up to Friday’s University of Michigan Consumer Sentiment Index, the only available data is of a moderate quality. In May, the UoM’s indexed poll of consumer economic expectations is predicted to decline slightly from 77.2 to 76.0 MoM. In March, the …

The Bank of England is at a crossroads as it prepares to announce its interest rate decision. Financial markets are abuzz with anticipation, expecting the BoE to start reducing interest rates from the June meeting. Traders have already priced in 53 basis points (bps) of easing this year, implying at …

US stocks are advancing on Friday as investors digest the most recent inflation data, the PCE Index readings, amid the favourable earnings announcements from Microsoft and Alphabet. In March, the preferred inflation measure of the Federal Reserve rose 2.7% from the previous year, as anticipated. The IT sector’s outstanding earnings …

The GBP/USD pair is currently focused on support levels due to its recent inability to break above the 200-day moving average at 1.2557, which emphasises its negative bias. If the ‘black cloud cover’ candlestick pattern materializes, there could be potential for more losses, with 1.2400 being the objective and perhaps …

US Treasury yields continued to rise since the beginning of daily trading on Thursday, with a boost from inflation readings that highlighted the continued rise in consumer prices in the United States.The reading of the Personal Consumption Expenditures Price Index (QoQ)(Q1), which is one of the links in a series …