UK Retail Sales Tumbles 2.7% in May, Signaling a BoE Rate Cut; GBP/USD Slides
Weak UK retail data revives the BOE rate cut talk; Inflation and labor trends of services remain major policy obstacles.
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Fed Leaves Rates Unchanged; Raises Rate Projections For 2026 And 2027
Fed has also increased the estimates of PCE inflation for 2025, 2026 and 2027.
Crude Inventories Decline By 11.5 Million Barrels; WTI Oil Dives 2.5%
Oil traders react to EIA data and focus on Trump’s comments on Iran.
NAHB Housing Market Index Drops To 32; U.S. Dollar Tests Session Highs
Subscribe to information Scan QR Code to install the app Significant disconnectionThe materials provided on the website include general news and publication, our personal analysis and content provided by the third party, which are only for educational and research objectives. It does not form, and should not be read as any recommendation or advice to…
Nasdaq 100: Is Adobe’s Earnings Surprise Enough to Spark a Strong Friday Finish?
Adobe defeats Q2 forecasts with $ 5.87B in Revenue. AI Tools promoted development, but shared the dip. Is it time to buy this tech stock?
Michigan Consumer Sentiment Rises To 60.5; SP500 Drops Below 6000
The expectations of further inflation declined from 6.6% to 5.1%.
Oil Price News: Crude Oil Soars as Israel Attacks Iran, Spiking Supply Concerns
“Given that the strike is more directed by the IRGC and the Iranian military general employees, including the head of senior nuclear scientists, and that the US was not involved, it suggests that what we saw today was less than a pre-scoring strike and a continuous military conflict.” International response is important for a close…
UK GDP Slide Fuels BoE Rate Cut Speculation Ahead of Key CPI Report; GBP/USD Dips
“The latest UK Labor Market data continued to weaken the employment situation, although BOEs are still ready to stand on Pat on the policy next week.” Today’s GDP data adds weight in case of cutting a near -term BOE rate. However, on 18 June, the upcoming UK may prove to be important in inflation reports….
Crude Inventories Fall by 3.6 Million Barrels; WTI Oil Tests Multi-Week Highs
Gasoline invention increased from last week to 1.5 million barrels.
GameStop Drops as Q1 Sales Miss Offsets Earnings Beat
Earnings surprised the fall in revenue Gamestop reported an adjusted income of $ 0.17 per share for the quarter ended 30 April, which was much better than Wall Street’s estimate of $ 0.04. This marks the company’s fourth consecutive quarter profit. However, the revenue fell by 17% to $ 732.4 million from year to year,…
China Deflation Signals Deepen, Raising Stakes for Trade Talks; AUD/USD Holds Gains
The prices of China’s consumer and manufacturer fall again, putting pressure on policy makers as the US and China prepare for trade talks.
U.S. Jobless Claims Hit 247K; Rising Averages Signal Labor Market Softening
Uncontrolled claims signal seasonal indication Inadvertently, early claims have declined by 1.5%, but the decline was less than 5%, which was weak-to-normal seasonal recruitment activity. Compared to this week in 2024, inadvertently the initial claims are more than 12,000. The insured unemployment on an inappropriate basis also fell from 18,524 to 1.757 million, slightly higher…
German Exports and Industrial Production Slide as Tariffs Bit; EUR/USD Dips
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JOLTs Job Openings Rise To 7.391 Million; SP500 Tests Session Highs
The US Dollar Index has also tested the session high after releasing the report.
Nasdaq 100 Forecast: Nvidia Gains Despite Export Curbs, Salesforce Boosts Revenue View
NVIDIA defeats Q1 forecasts with strong AI chip sales, but exports to China to hit guidance. The salesforce lifts 2026 outlook on the demand for increasing AI cloud.