U.S. Economy Expands by 1.6% in Q1
According to the Bureau of Economic Analysis’s second estimate, the U.S. economy expanded by 1.6% quarter-on-quarter (q/q, annualized) in the first quarter – a bit lower than 2.0% reported in…
Peering Below the Surface – ActionForex
Topline data, on their own, can mislead. It pays to look below the surface to see the underlying trend. Headline data can sometimes mislead. One needs to delve into the…
Fed: June meeting tests new chair – DBS
Philip Wee of DBS Group Research highlights that US Treasury yields have eased as PCE inflation moderates, but headline inflation remains elevated, keeping real Fed Funds Rates in focus. New…
Euro: ECB hikes priced as Dollar softens – DBS
DBS strategist Philip Wee notes markets have strong expectations that the European Central Bank will hike at its next meeting, even as the Federal Reserve (Fed) debates internal reforms. Source…
US military says it turned away blockade runner trying to reach Iranian port
US military says it turned away blockade runner trying to reach Iranian port Source link
WTI Oil hits fresh one-month lows below $86.50 amid US-Iran truce extension
Crude prices trend lower for the third day in a row on Friday, with the US benchmark West Texas Intermediate (WTI) barrel trading around $86.50 at the time of writing…
New Zealand Dollar: Resistance test as RBNZ turns hawkish – BBH
Brown Brothers Harriman highlights that the New Zealand Dollar (NZD) is outperforming, with NZD/USD approaching the 0.6000 resistance as New Zealand business sentiment improves and RBNZ Assistant Governor Silk signals…
Euro remains capped below 1.1660 ahead of German inflation data
The Euro (EUR) holds moderate losses against the US Dollar (USD) on Friday, with price action trapped within the last two weeks’ trading range, below 1.1660. The risk relief triggered…
NZD/USD Price Forecast: Sets for a strong weekly close as RBNZ calls for quick hikes
The NZD/USD pair trades 0.55% higher to near 0.5967 during the European trading session on Friday and is up 2% so far this week. The Kiwi pair extends its winning…
Gold extends recovery to near $4,530 on US-Iran optimism. Is downside over?
Gold price (XAU/USD) is up 0.7% to near $4,530 during the European trading session on Friday. The precious metal extends its Thursday’s recovery move, as Oil prices decline due to…
