Fed can look through energy shock if it stays credible on monetary policy Still early to gauge Middle East war’s impact on the economy Reacting to temporary energy shock could weigh down economy I’m optimistic the end of the war will bring easing energy prices Current “moderately restrictive” policy is aimed at aiding jobs and lowering inflation Extended energy…
Gold (XAU/USD) price advanced more than 1.50% on Friday amid news that Iran and the US are close to signing a deal aimed at extending the ceasefire for 60 days to allow negotiations on Iran’s nuclear program. At the time of writing, XAU/USD trades at $4,563, after bouncing off daily lows of $4,489. XAU/USD jumps as ceasefire hopes ease…
We gain concessions not with talks, but with missiles We have no trust in guarantees or words Only actions are the measure No action will be taken before the other side acts The winner of any agreement is the one who is better prepared for war from the day after Iran’s chief negotiator and parliament speaker, Mohammad Bagher Ghalibaf,…
Silver (XAG/USD) price retreats 0.16% on Friday, consolidating around the $75.00-$76.00 area and is virtually unchanged, near the 50-day Simple Moving Average (SMA) at $75.70. XAG/USD Price Forecast: Technical outlook Silver looks set to extend its consolidation after breaking below the ascending channel’s support trendline and the 50-day SMA, but the white metal has reclaimed the $75.00 mark. The…
Inflation pressures are weighing on the economy Firms are having a hard time planning for the future Monetary policy is appropriately positioned at mildly restrictive levels Inflation is too high, and was too high even before the war started The US is on track to continue modest growth Consumers are spending but at a slower pace Households and firms…
United Kingdom CFTC GBP NC Net Positions climbed from previous £-64.3K to £-61.4K
S&P 500 +0.44% Nasdaq Composite +0.58% The latest catalyst for the push into new all-time highs was yesterday’s Axios report saying that US and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran’s nuclear program, but President Trump has yet to give his final approval. The most…
China NBS Non-Manufacturing PMI came in at 50.1, above forecasts (49.5) in May
Full report here The Trump administration is preparing a proposal that would significantly tighten automotive sourcing requirements under the US-Mexico-Canada Agreement (USMCA), potentially requiring that half of all components and materials used in a vehicle originate from the United States in order to qualify for the trade pact’s preferential tariff treatment, according to a report by The Wall Street…
China NBS Manufacturing PMI meets forecasts (50) in May
