Despite a cooler-than-expected Consumer Price Index (CPI) reading, Goldman Sachs anticipates that the Federal Reserve’s preferred inflation measure—the core Personal Consumption Expenditures (PCE) index—likely rose […]
US-China trade deal offers limited progress, says Capital Economics
Expectations for a breakthrough in U.S.-China trade relations remain subdued despite Trump’s announcement of a potential deal. According to Mark Williams, Chief Asia Economist at […]
US indices close lower. Dow Industrial Average unchanged.
The major US stock indices are closing lower led by the NASDAQ with a decline of -0.50%. The S&P index is down -0.27% while the […]
Cardholder data shows Canadian consumer spending continued to hold up in May
Canadians have had plenty to worry about in Trump’s second term. The 51st State talk touched a nerve and tipped an election, while the tariffs […]
ECBs Villeroy: ECB situation is favorable.
ECBs Villeroy is speaking and says: ECB situation is favorableThat does not mean that policy is a stable This article was written by Greg Michalowski […]
US sells 10-year notes at 4.421% vs 4.428% WI
Prior was 4.342%Bid to cover 2.52 vs 2.60 prior The notes were trading at 4.428% in the ‘when issued’ market so this is a 0.7 […]
Beijing puts six month limit on its ease of rare earth export licenses
According to the Wall Street Journal: China to limit rare-earth export licenses to U.S. automakers and manufacturers to six months, adding leverage and uncertainty amid […]
China is going to approve all applications for magnets for US companies
Speaking on CNBC: China is going to approve all applications for magnets for US companiesTrump-Xi has to approve final wordingI am really excited about how […]
NZDUSD rally stalls at resistance after CPI spark
The NZDUSD moved higher following the weaker-than-expected US CPI report, which triggered broad USD weakness and lifted the pair toward the highs for the week. […]
EURUSD pushes higher after soft CPI but stalls at key resistance
The EURUSD is trading higher after a softer-than-expected US CPI report triggered a broad USD selloff. The weaker inflation data reinforced market expectations for rate […]