Trump doubles steel tariffs to 50%, touts U.S. Steel-Nippon deal still sh…
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Forexlive Americas FX news wrap 30 May: PCE dips but may be the low for the cycle.
The April US core PCE price index, the Federal Reserve’s preferred inflation gauge, rose 0.1% month-over-month, matching expectations. On a year-over-year basis, core PCE increased 2.5%, also in line with forecasts. The prior month’s figures were revised slightly higher, with core PCE YoY adjusted to 2.7% from 2.6%. Headline PCE rose 0.1% m/m and 2.1%
Mexico Fiscal Balance, pesos increased to 0.29B in April from previous -24.6B
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Gold price falls below $3,300 on strong US Dollar as Trump reignites China tensions
XAU/USD drops as strong US Dollar pressures Bullion; tariff uncertainty rattles markets. US core PCE dips in April, but strong data lifts yields, dampening Gold’s appeal. Trump accuses China of violating trade deal, reviving geopolitical and tariff concerns. Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in
USDCAD approaches Weekly Lows: Where Could the Loonie Go from Here?
USDCAD had seen a decent rebound from last week lows, starting the week at 1.36850.It was a generally positive week for the US Dollar and a relatively muted one for the Loonie. A lack of key economic data before this morning led to some recovery in the USD, particularly as earnings came in overall better
Wizz Air Q4 FY 2025 Earnings Preview: Engine Issues Test Growth Strategy
Wizz Air’s operational performance amid engine challenges As Wizz Air approaches the release of its fourth quarter (Q4) and full-year 2025 earnings on 5 June, 2025, investors are keenly observing how the airline is managing ongoing operational challenges while pursuing strategic expansion. In the first quarter (Q1) of 2025, Wizz Air expanded its fleet to 218
University of Michigan sentiment for May final 52.2 vs.51.0 estimate
Preliminary 50.8. Last month 52.2 Univ of Michigan sentiment final 52.2 vs 51.0 estimate Current conditions 58.6 vs 57.6 preliminary and 59.6 prior month Expectations 47.9 vs 46.5 preliminary and 47.3 prior month Inflation expectations: 1 year inflation expectations 6.6% vs 7.3% preliminary. Prior month 6.5% 5-year inflation expectations 4.2% vs 4.6% prelimary. Prior month
Portugal GDP Growth Slows As Estimated, Inflation Rises
Portugal’s economic growth eased as initially estimated in the first quarter, while flash consumer price inflation rose somewhat in May, separate reports from Statistics Portugal showed on Friday. Gross domestic product, or GDP, advanced 1.6 percent year-on-year in the March quarter, slower than the 2.8 percent rise in the fourth quarter. That was in line with
Trade Rhetoric Sours Sentiment Again as US-China Tensions Resurface
Market sentiment took another bearish turn today following renewed rhetoric from US President Donald Trump, who accused China of having “totally violated” its preliminary trade agreement with the U.S. The comments, delivered via social media, were echoed by Trade Representative Jamieson Greer in a CNBC interview, where he expressed concern over China’s delayed compliance. Greer
Core PCE inflation softens to 2.5% in April as forecast
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.1% in April from 2.3% in March, the US Bureau of Economic Analysis reported on Friday. This reading came in below the market expectation of 2.2%. The core PCE Price Index, which excludes
XAU/USD: Elliott wave analysis and forecast for 30.05.25 – 06.06.25
2025.05.30 2025.05.30 XAU/USD: Elliott Wave Analysis and Forecast for 30.05.25 – 06.06.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 3197.50 with a target of 3550.00 – 3800.00. A buy signal: the price rebounds from 3197.50 to the upside. Stop Loss: below
Nasdaq 100 comes off 4-month high while EUR/USD resumes ascent and WTI stays sidelined
Nasdaq 100 comes off Thursday’s high The Nasdaq 100 is expected to remain below its four-month high at 21,611 on the last trading day of the month and may slip further over the coming days since this high has been accompanied by a lower high on the daily Relative Strength Index (RSI). It thus shows negative
Italy Q1 final GDP +0.3% vs 0.3% q/q prelim
Prior +0.2% No change to the preliminary report. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link
Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (May 30, 2025)
2025.05.30 2025.05.30 Short-Term Analysis for Oil, Gold, and EURUSD for 30.05.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Yesterday, the euro
Japan Housing Starts Plunge 26.6%
Japan’s housing starts decreased sharply in April after a surge in the previous month, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Friday. Housing starts slumped 26.6 percent year-on-year in April, reversing a 39.1 percent growth in March. Economists had expected a decrease of 18.3 percent. Data showed that new construction
Markets Turn Cautious Again on Trade Stalemates; Euro Picking Up Momentum in Some Crosses
Asian markets returned to a risk-off tone today, with investor sentiment once again weighed down by the lack of clarity on the US tariff front and the apparent stalling of key trade negotiations. The week’s earlier relief rally following the U.S. court ruling against President Trump’s sweeping reciprocal tariffs has faded, as the legal battle