Macro Drivers

US: Consumer Spending Remains Soft in April Amid High Gas Prices 

Personal income edged lower by 0.1% month-over-month (m/m) in April, coming in below market expectations for a 0.4% gain. After…

Gold continues to consolidate amid prolonged US-Iran stalemate, hawkish Fed risk

FUNDAMENTAL OVERVIEWGold got stuck in another consolidation as the US-Iran stalemate extended further. We've been even getting reports of Trump…

Turkish Lira: Sticky inflation and lira risks – Commerzbank

Ghose at Commerzbank expects Turkey’s May Consumer Price Index (CPI) to show only modest month-on-month moderation after April’s spike, keeping…