Eye on the Horizon: Market Anticipate Inflation Data Ahead
The Producer Price Index, which is an important gauge of wholesale-level inflation, increased by 2.1% over the 12 months leading up to March. This marks a rise from the 1.6% gain observed in February, representing its most substantial increase since April 2023. In March, consumer prices in the U.S. rose beyond expectations as consumer price index increases 0.4% in March, driven by higher costs for gasoline and rental housing. In March, U.S. retail sales surpassed expectations, with Core Retail..
Inflation Takes the Wheel: Brace for Impact!
According to the US Census Bureau, retail sales in the US rose by 0.6% on monthly basis in February. This reading followed a 1.1% decline registered in the initial month of the year, amounting to $696.7 billion, and fell below the anticipated 0.8% increase. In January, the unemployment rate unexpectedly rose to 3.9% from December's 3.8%, while wage growth slowed in the UK labor market, signaling weaknesses consistent with a broader economic slowdown. In Feb, Canada experienced an unexpected
Market Welcomes Easter, Will Data Egg-cites Next Week?
In February, economic activity within the U.S. manufacturing sector continued its contraction for the 16th consecutive month in February with the data stood 47.8 against 49.1 recorded in January, according to the Institute for Supply Management (ISM).
New Zealand Dollar Price Chart: Kiwi Rally Testing 2019 Open
Kiwi is the top performer against the US Dollar this week with a rally of nearly 2% into the June close. Here are the levels that matter on the NZD/USD price charts.
Euro Weekly Price Outlook: EUR/USD Breakout Eyes Yearly Open into Q3
Euro has rallied more than 2.7% off the yearly lows with the advance now testing initial resistance targets. Here are the levels that matter on the EUR/USD weekly chart.
Sterling Dollar Price Chart: GBP/USD Recovery Fails at Yearly Open
Sterling turned from yearly open resistance today & leaves the recent advance vulnerable into the June close. Here are the levels that matter on the GBP/USD price chart.
Aussie Price Outlook: Australian Dollar Breakout Faces First Test
Aussie is top performer against the US Dollar this week with the price breakout now at testing resistance targets. Here are the levels that matter on the AUD/USD charts.