Prior was +0.9% The advanced April reading was +0.6% April retail sales ex autos +0.1% vs +0.7% expected Prior ex autos +1.4% (revised to +1.2%) Sales were up in five of nine subsectors Core sales excluding gas stations were down 0.7% Advanced May sales +1.0% This is a poor report and highlights how hard gasoline price rises bit in…
AUD/USD trades little changed on Friday as hawkish policy signals from both the Federal Reserve (Fed) and the Reserve Bank of Australia (RBA) offset each other, keeping the pair range-bound despite a modest pullback in the US Dollar (USD). At the time of writing, the pair trades around 0.7011 and remains on track for a weekly loss. Earlier this…
A report from The Times says multiple cabinet ministers will tell UK PM Starmer that his “time is up” and to set out a timeline for his departure. UK politics are brutal. Update: We learned that UK transport minister Heidi Alexander Calls was one of them. This article was written by Adam Button at investinglive.com.
Silver (XAG/USD) price tumbles for the third consecutive trading day, down over 3.32% on Friday, courtesy of broad US Dollar (USD) strength and rising US Treasury yields, which have aimed higher since Wednesday amid the Fed‘s hawkish tilt. XAG/USD Price Forecast: Technical Outlook Silver price continued to trend lower after clearing the 200-day Simple Moving Average (SMA) at $69.11,…
A look at gold’s third straight loss, from Warsh’s hawkish FOMC debut to a fragile Iran ceasefire, and the Core PCE that could shift direction next week.
Today’s meeting between the US and Iran was postponed in light of the ongoing fighting in Lebanon but that looks to have been cleared up by today’s ceasefire (hopefully). Now Iran’s foreign minister says plans are underway for a meeting in the coming days. He said the talks will be about a final agreement and will depend on the…
The week ahead will bring a fresh test for major currency pairs as investors digest the first Federal Reserve (Fed) policy decision under Chair Kevin Warsh and look ahead to the United States (US) Personal Consumption Expenditures (PCE) data, global PMI releases, and central-bank commentary. The US Dollar Index (DXY) trades near the 100.70 price zone on Friday after…
2026.06.19 2026.06.19 US Dollar Surges on Increased Fed Rate Hike Odds. Forecast as of 19.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Fed’s hawkish surprise allowed investors to quickly build up expectations for two rounds of monetary tightening in 2026. However, only a minority of FOMC members voted in favor of this scenario. The market is clearly getting ahead of itself again. Let’s…
A look at the forces driving the Nasdaq 100, from Warsh’s hawkish Fed debut to the US-Iran MOU, and the levels that could decide the next move.
The picture for the Canadian dollar is worsening as it continues to carve out fresh 14-month lows. The US dollar is up another 33 pips today against the loonie, touching 1.4177. This will be the third consecutive week of gains for the pair and comes with oil prices falling in a post-war rout. WTI crude is down nearly $8…
