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Inflation Is Definitely Back In The United States
Article By:
GoldBroker
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Friday, May 17, 2024 8:15 AM EDT
Inflation seems to be making a comeback in the United States, as shown by the core PPI figures, which indicate an increase in prices paid by manufacturers.
Daily Market Outlook - Friday, May 17
Article By:
Patrick Munnelly
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Friday, May 17, 2024 6:45 AM EDT
Overnight the Asian equity market showed a mixed performance. China's April data revealed conflicting economic trends, with industrial production growth surpassing expectations while retail sales growth unexpectedly slowed.
FX Daily: Calm Waters Ahead
Article By:
ING Economics
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Friday, May 17, 2024 4:56 AM EDT
In the two weeks leading to the 31 May US core PCE release, markets may experience reduced volatility.
China’s April Activity Data Disappointed As Heightened Caution Persists
Article By:
ING Economics
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Friday, May 17, 2024 2:20 AM EDT
The story of this month’s data is that of prevailing caution by households and the private sector, as retail sales and fixed asset investment came in weaker than expected.
Gold Price Gains Ground, With Fed Speakers In Focus
Article By:
Lallalit Srijandorn
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Friday, May 17, 2024 1:20 AM EDT
The gold price trades with a positive bias on Friday. The bullish move of precious metals in the previous sessions was bolstered by the softer-than-expected US inflation data in April, which triggered hope for rate cuts from the US Federal Reserve.
USD/JPY Climbs To Near 156.00 As BoJ Maintains Bond-Buying
Article By:
Akhtar Faruqui
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Friday, May 17, 2024 12:40 AM EDT
USD/JPY rose to near 155.90 during the Asian session on Friday as the Japanese Yen (JPY) encountered renewed pressure.
WTI Extends The Rally Near $78.90, US Inflation Data Boosts Fed Rate Cut Expectations
Article By:
Lallalit Srijandorn
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Thursday, May 16, 2024 11:00 PM EDT
Western Texas Intermediate, the US crude oil benchmark, is trading around $78.90 on Friday. The black gold edges higher amid the recent drop in US crude inventories and the possible interest rate cuts by the Federal Reserve.
EUR/USD Slipped On Thursday After Greenback Pares Some Losses
Article By:
Joshua Gibson
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Thursday, May 16, 2024 10:20 PM EDT
EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week.
Import Prices Surprise
Article By:
Menzie Chinn
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Thursday, May 16, 2024 10:00 PM EDT
Import prices ex-petroleum show an uptick, raising GS's PCE deflator estimate by 1 bp. Import prices from China track the dollar/yuan but exclude tariff costs. Exchange rate pass-through is low, suggesting full tariff pass-through.
AUD/USD Falls Amid Highs US Yields, Fed’s Tough Stance
Article By:
Christian Borjon Valencia
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Thursday, May 16, 2024 9:40 PM EDT
The Australian Dollar posted losses of 0.23% against the US Dollar on Thursday amid higher US yields that underpinned the Greenback during the day. Wall Street hit new all-time highs but retreated afterward, ending the session with losses.
Cooler Data Striking A Favourable Chord?
Article By:
Stephen Innes
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Thursday, May 16, 2024 9:20 PM EDT
Cooler inflation data and robust corporate earnings had initially supported the market's upward momentum. Perhaps we need some even cooler data to move the rate-cut needles for November or July.