GBP/USD remains in a tight range before important labor and inflation figures
GBP/USD Stability and Upcoming Economic Data The GBP/USD remains steady after dropping below the 1.3600 mark. Key UK labor statistics along with US inflation data are set to be released soon. GBP/USD maintains a strong position, though there’s a noticeable short-term ceiling. GBP/USD has shown stability during recent consolidation on Monday, hovering around the 1.3550 […]
AUD/USD moves closer to 0.6500 before Chinese CPI inflation data.
AUD/USD is likely to draw some buyers near 0.6500 during early Asian trading on Monday. The US non-farm payroll saw an increase of 139,000 in May, exceeding expectations. Later on Monday, China’s CPI inflation figures will attract attention. The AUD/USD pair is inching up to around 0.6500 in the early hours of the Asian session […]
India’s central bank implements significant rate reduction as growth and inflation decline
India’s Central Bank Cuts Interest Rates India’s central bank has implemented a larger-than-expected interest rate cut, reducing rates by more than half a percent. This marks the third consecutive decrease for Asia’s third-largest economy, which is experiencing declining growth. In addition to the rate cut, the bank also increased the liquidity in the financial system. […]
Hakeem Jeffries turns inflation discussions around, Chuck Schumer raises concerns about the GOP’s bill and more
An unsettling diary of disinformation and dangerous delusions This claim: “Inflation is rising.” – House Minority Leader Hakeem Jeffries, Wednesday We say: Unfortunately, that’s not quite accurate. The seasonally adjusted consumer price index has been lower over each of the three months since President Trump took office compared to any of the last three months […]
ECB plans to lower interest rates again as inflation concerns ease
The European Central Bank (ECB) Chair, Christine Lagarde, is set to discuss the ECB’s choice to cut rates by 25 basis points during its June policy meeting. She will also field questions from reporters. You can follow live updates on ECB decisions and how the markets react. Key Takeaways from the ECB Press Conference “The […]
Hiring freeze by Trump impacting the accuracy of inflation data gathering: report
The federal hiring freeze initiated during Trump’s administration has led the Bureau of Labor Statistics (BLS) to limit its data collection efforts, impacting one of the key indicators of inflation in the U.S. This was reported by the Wall Street Journal on Wednesday. The BLS, which started implementing these changes in April, reduced the number […]
EUR/USD stays below 1.1400 as inflation in the Eurozone drops under the ECB’s 2% goal
EUR/USD holds steady as the US dollar weakens amid economic uncertainties in the US. Job openings reported by Jolts reached 7.39 million in April, notably higher than the anticipated 7.1 million. The eurozone’s harmonized consumer price index decreased year-on-year by 1.9% in May, falling short of the ECB’s target of 2%. EUR/USD has seen minimal […]
EUR/USD continues to drop as Eurozone inflation suggests more easing from the ECB
EUR/USD declines further as Eurozone CPI falls short of expectations. US Factory Orders and unexpected job data may hinder US Dollar recovery. The US dollar index hovers around a nearly six-week low at 98.60. EUR/USD is experiencing a drop from 1.1450, moving back below 1.1400 as of this writing. The May Consumer Price Index (CPI) […]
EUR/USD remains down around 1.1400 before Eurozone HICP inflation figures
EUR/USD has weakened as the US dollar (USD) rebounds from previous technical corrections. The European Union has cautioned that Trump’s new proposal to double US tariffs on steel and aluminum could jeopardize trade negotiations. The ISM Manufacturing PMI in the US declined from 48.7 in April to 48.5 in May. EUR/USD is showing a downturn […]
Treasury Secretary disputes media warnings about tariffs as inflation decreases
Scott Bescent Discusses Tariffs on CBS “Face the Nation” In a recent interview on “Face the Nation,” Treasury Secretary Scott Bescent addressed concerns regarding the Trump administration’s tariffs on imports. He noted that these tariffs had been cooled to a four-year timeline and emphasized warnings about potential price increases for consumers. Brennan pressed him on […]