As the rate hike cycle unfolds, unemployment is a crucial series to watch
As we progress through the current rate hiking cycle, unemployment is an essential economic series to monitor.
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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As we progress through the current rate hiking cycle, unemployment is an essential economic series to monitor.
US30 shows indecision ahead of open.
UKOil supported into US session.
Cryptocurrency weekly webinar.
After two weeks of weakness, the dollar finds support.
Eurozone preliminary headline inflation printed at an all-time high of 8.1% YoY for May. This number is higher than the forecast of 7.8% YoY and above the previous month's release of 7.5% YoY. The major contributor was the much higher energy prices due to Russia's invasion of Ukraine. However, it's not the only worry. Food, alcohol and tobacco price also contributed to the blowout figure.
The US 10-year Treasury note has broken out of a falling wedge pattern following hawkish comments by Fed Governor Waller.
Oil prices get a boost from the demand and potentially the supply side, if the EU can ratify an embargo on Russian oil.
Apple looks to be trading at a discount to its intrinsic value. Nevertheless, caution is still warranted.
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