The US consumer is in a precarious position
Consumption makes up around 70% of the US GDP. However, all is not well with the US consumer.
Consumption makes up around 70% of the US GDP. However, all is not well with the US consumer.
NZD/USD jumped after the Reserve Bank of New Zealand hiked interest rates by 50 basis points, to 2%, the highest level since September 2016
Gold finds support in US session after some calendar releases disappoint.
Japan’s core Consumer Price Index (CPI) jumped above the central bank’s 2% target in April as today’s data showed, with the pair trading with caution and heading towards another losing week
Large retailers' margin squeeze due to supply shocks. Ominous inflation spiral signs need to be controlled
The pair consolidates this week and trades with caution today, as markets digest Chair Powell’s Tuesday commentary and poor data form Japan
Retail numbers are strong, with previous revised up.
The US 10-year yield has paused, but underlying momentum has not dissipated.
The pair starts the week on a good footing, despite the lower growth forecast by the EU Commission and UK the Northern Ireland Protocol changes eyed by the UK
Gold bulls support the price on the short-term pivot, but the longer-term trend may dominate.
The pair started the day with upbeat mood, trying to rebound form its two year lows, but faces headwinds as the European session gets underway
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