Author: FX
The US Bureau of Labor Statistics (BLS) will publish the May Consumer Price Index (CPI) data on Wednesday. The report is expected to show another step up in consumer inflation, driven by the persistently high Oil prices due to the ongoing crisis in the Middle East. The monthly CPI is forecast to rise 0.5%, following the 0.6% increase recorded in April, while the annual reading is seen climbing to its highest level since May 2023 at 4.2%, from 3.8% in April. Core CPI figures, which exclude volatile food and energy prices, are expected to post an increase of 0.3% and…
EUR/USD is hovering close to short-term and long-term correction levels, as the upcoming ECB decision could determine which trends are likely to pick up. Source link
The Federal Reserve’s blackout period started June 7. No official can say a word until after the June 16–17 FOMC meeting, and that silence makes Wednesday’s CPI report hit differently. Source link
China’s May producer inflation highest in nearly 4 years, consumer prices also rise Source link
The Most Accurate MT4 Indicator is a custom technical tool designed for the MetaTrader 4 platform. Its main goal is to detect strong momentum shifts and highlight potential buy or sell opportunities directly on the price chart. Most versions of this indicator combine several technical elements, such as: Moving average trend direction Momentum oscillators Volatility filters Price action confirmation By blending these factors, the indicator attempts to reduce false signals that occur during choppy markets. On the chart, traders usually see visual signals such as arrows, dots, or colored trend lines. A green or blue signal often suggests bullish momentum,…
Wholesale inflation remains elevated in Japan, way above expectations. May 2026 PPI, or corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services:6.3% y/yexpected 5.5%, prior 4.9%)0.9% m/mexpected 0.5%, prior 2.3%Here’s a BoJ forecast:Daiwa sees BOJ June hike as bid to avoid falling behind the curve This article was written by Eamonn Sheridan at investinglive.com. Source link
Sterling finally got a piece of good domestic news and managed to enjoy it for about half a session. GBP/USD rallied from just below 1.3350 to a touch above 1.3400 on Tuesday, tagged the 200-day Exponential Moving Average (EMA), and spent the rest of the day leaking back beneath the figure. The bounce was real, the rejection was cleaner, and the week’s actual main event has not even happened yet.Retail therapy with an asteriskThe British Retail Consortium (BRC) reported like-for-like retail sales up 3.4% YoY in May, miles above the 0.6% consensus and a full reversal of April’s 3.4% decline.…
GBP/CHF pushed beyond its upper Bollinger Band near key resistance, raising the question: bearish reversal setup or bullish trend expansion? Source link
Elon Musk is set to become the first trillionaire with the launch of the SpaceX IPO. That’s a jaw-dropping amount of money and proves that the Elon hype-train is one of the all-time greatest business moves.I don’t want to get into valuation but it’s ridiculous but, hey, if someone will pay then it works. The company is selling just 5% of the equity in the IPO but the valuation is $1.75 trillion.The fear was that investors wouldn’t line up to buy it and there’s evidence that’s the case, or at least it was the case. The IPO was being pushed…
China’s central bank, one of the major Gold purchasers worldwide, continued to add the precious metal to its vaults in April, in a sign that demand from sovereigns remains high.The People’s Bank of China (PBoC) bought 8 tonnes of Gold in April, the highest amount since December 2024, posting its 18th consecutive month of purchases, according to the most recent data published by the World Gold Council (WGC).China’s central bank now holds 2,322 Gold tonnes, which represents around 9% of its total reserves, the data showed.In April, the PBoC was the third Gold buyer among central banks, only surpassed by…