Author: FX
EUR/USD edges lower for the third consecutive day on Thursday during the North American session, down 0.22%, as US economic data showed consumers’ resilience. In contrast, labor market data showed a slight increase in the number of Americans filing for jobless benefits. The pair trades at 1.1679 after reaching a high of 1.1721.EUR/USD weakens as sticky inflation keeps Fed cut bets sidelinedUS Retail Sales rose in April by 0.5% MoM, aligned with estimates and below March’s print of 1.6%. Sales increased 4.9% YoY in the same period, exceeding estimates of 3.3% growth. Other data showed that Initial Jobless Claims for…
UK real GDP grew 0.6% in Q1 2026 (January to March), matching economist forecasts and marking the fastest quarterly expansion in a year. The data, released today by the Office for National Statistics (ONS), shows a clear acceleration from the revised 0.2% growth in Q4 2025 — but economists are already warning that the momentum is unlikely to carry into Q2. UK GDP Q1 2026: Key Takeaways GDP grew 0.6% quarter-on-quarter in Q1 2026 — in line with market expectations The services sector was the biggest driver, growing 0.8% with 11 out of 14 subsectors contributing positively Production rose 0.2%…
Markets are taking a more measured tone to start the day as President Trump meets with China’s Premier Xi while traveling abroad. At the same time, the Iran-US conflict appears to be temporarily on hold, helping ease some geopolitical anxiety. Crude oil is trading about $0.70 lower on the day, fluctuating above and below the $100 level as traders weigh the pause in tensions against ongoing supply concerns.US equity futures are modestly higher in premarket trading after both the S&P 500 and NASDAQ closed at fresh all-time record highs yesterday. Dow futures are up around 40 points, the S&P 500…
United States (US) President Donald Trump said at a state banquet in Beijing that he had extremely positive and constructive discussions with Chinese leader Xi Jinping, while calling him a “friend”.Additional remarksUS-China relationship is one of the most consequential in world history.This is a historic visit.Had extremely positive and constructive discussions with Xi.Meanwhile, China’s Xi has also praised US President Trump at the state banquet and has stated that both the US and China should become partners, not rivals.Additional commentsRejuvenation of China and ‘Make America Great Again’ can go hand in hand.I had in-depth exchange of views with Trump today.We…
If you’ve been watching the dollar quietly firm up this week while traders shovel more dirt on their interest rate cut hopes, two reports tell the tale. They came from different corners of the economy and measured different things, but both were singing from the same song sheet: inflation hasn’t packed its bags, and the Fed knows it. PPI: The Wholesale Warning To understand why this week hit markets so hard, you have to start one step before the store shelf. The Producer Price Index (PPI) tracks what manufacturers, farms, and wholesalers charge each other. It’s the wholesale layer of…
Lifeway Foods beats top-line estimates; reaffirms long-term target Source link
Supply and demand trading isn’t new. The concept goes back decades — price moves in waves, leaving behind zones where banks and institutional traders placed large orders. When price returns to those zones, it tends to react. The problem has always been consistency in identifying them. The Advanced Supply and Demand Indicator for MT4 scans historical price action and automatically marks those zones based on impulse moves. When a sharp, one-directional candle pushes price significantly away from a consolidation area, the indicator labels that origin point as either a supply zone (where selling pressure dominates) or a demand zone (where…
Prior +0.1%GDP +1.1% vs +0.8% y/y expectedPrior +1.0%More to come.. This article was written by Justin Low at investinglive.com. Source link
GBP/CAD looks ready to form another higher low after its sharp drop earlier this week. Think the pair can extend its longer-term uptrend? Source link
Gold prices rose in India on Thursday, according to data compiled by FXStreet.The price for Gold stood at 14,548.90 Indian Rupees (INR) per gram, up compared with the INR 14,483.50 it cost on Wednesday.The price for Gold increased to INR 169,695.40 per tola from INR 168,932.70 per tola a day earlier.Unit measureGold Price in INR1 Gram14,548.9010 Grams145,488.90Tola169,695.40Troy Ounce452,509.80FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge…