StanleyC

Share: US President Joe Biden delivered a statement following the February PCE report, highlighting the progress in the “fight against inflation”. Quotes from the statement: “We are making progress in the fight against inflation. Today’s report shows annual inflation down by nearly 30 percent from t

Share: Economists at TD Securities discuss GBP outlook and expect the EUR/BP pair to hit the 0.90 level. Data trends favor EUR/GBP higher “We upgraded our GBP view, underscoring the lift from a weaker USD profile. That said, we still think EUR/GBP revisits 0.90, as China reopening and relative Asian

Share: Europe There’s a saying that March comes in like a lion and goes out like a lamb, and the last few weeks have certainly felt like that for investors who have had to endure a month of whiplash-inducing volatility. The bulls got a huge bite taken out of them in the early part of the month, and

Share: XAG/USD surpasses monthly highs amid positive market sentiment, despite the rising US Dollar. US Core PCE was below estimates, opening the door for a less aggressive Fed. XAG/USD Price Analysis: Expected to continue its rally and test the YTD high of $24.63 Silver price trades at new monthly

Portugal's consumer prices rose at a slower rate in March amid a fall in costs for energy products, preliminary data from Statistics Portugal showed on Friday. Consumer price inflation eased to 7.4 percent in March from 8.2 percent in the previous month. The core inflation, which excludes energy and

France's producer price inflation eased further in February, though it remained strong overall amid higher prices of extractive industry products, energy, and water, data from the statistical office Insee showed on Friday. Industrial producer price inflation in the home market dropped to 15.7 percen

The Netherlands' consumer price inflation eased to the lowest level in one-and-a-half years amid cheaper energy costs, the flash estimate from the Central Bureau of Statistics showed Friday. The consumer price index rose 4.4 percent year-over-year in March, much slower than the 8.0 percent increase

The U.S. dollar retreated against its major counterparts in the New York session on Friday, as core personal consumption expenditure price index, the Federal Reserve's preferred measure of inflation, came in lower than expected in February. Data from the Commerce Department showed that core consumer

Share: WTI Oil WTI oil keeps firm tone on Friday, underpinned by supply concerns on output shortages from Iraq and US stockpiles hitting the lowest in two years, while US data showed cooling price growth and stress on banks continues to ease. Fresh upside extension hit three-week high ($75.48), foll

Share: US non-farm payrolls (Mar) – 07/04 – the last US payrolls report saw yet another set of strong numbers with February jobs seeing a gain of 311k, while January was revised lower to 504k. The rise in the unemployment rate to 3.6% from 3.4% was treated as a slight negative, but it also coincided

Share: Q1 is going out with a bang, as stocks recoup more of their March losses and end the quarter on a high, says Chris Beauchamp, chief market analyst at online trading platform IG. Stocks bound higher into quarter-end “Equities seem set to round off the quarter on a very solid note. The lower PC

Share: Outlook: Today we get the usual Thursday jobless claims and then the final quarter/quarter GDP for Q4 in the US, previously reported at 3.2% but expected to dip to 2.7%. The Bloomberg chart of forecasts–not actuals, forecasts–bottomed in January before hitting zero and has been climbing ever

A measure signalling future turning points in the Swiss economy decreased unexpectedly for the first time in four months in March, though marginally, results of a survey by the KOF Swiss Economic Institute showed Thursday. The economic barometer dropped by 0.7 points from February to 98.2 in March.

The euro was higher against its major counterparts in the European session on Thursday, even as Spanish inflation cooled more than estimated in March. Preliminary data from statistical office INE showed that consumer prices climbed at a much slower pace of 3.3 percent from the last year, following t