Core PCE for May is due, and markets are expecting an uptick. Could this update on the Fed’s go-to inflation gauge shake up its policy plans? If you’re looking to trade the core PCE release, here are the key points to keep on your radar. This Article Is For Premium Members Only Become a Premium member for…
In the European session, we don’t have anything on the agenda other than a few ECB and BoE speakers. They are unlikely to change their current stance though. In the American session, we have the US Durable Goods Orders, the final US Q1 GDP and the US Jobless Claims. The Durable Goods data is almost never a market-moving release…
USD/CAD edges higher as markets await further clues from Fed Chair Powell. US New Home Sales data for May at 14:00 GMT is expected to provide additional insight into the current health of the US housing market. The Loonie pair remains vulnerable to risk sentiment and developments from the United States, which could provide further insight into interest rate…
AUD/CHF just bounced from a major support zone. Is the pair gearing up for another swing inside its consolidation range? Or will it break through key inflection points faster than you can say, “YOU CAN SAVE 50 POUNDS PER PERSON!” Check out AUD/CHF’s 4-hour time frame! AUD/CHF 4-hour Forex Chart by TradingView Risk assets like the Australian dollar could…
Barkin and Kashkari look to be most likely to be of interest to traders: 0800 US Eastern time/1200 GMT Federal Reserve Bank of Richmond President Thomas Barkin speaks on the economy before the New York Association for Business Economics, in New York 0900 US Eastern time/1300 GMT Federal Reserve Bank of Cleveland President Beth Hammack gives opening remarks before…
Federal Reserve Bank of Boston President Susan Collins said on Wednesday that the US economy is solid overall and added that the monetary policy is well-positioned, per Reuters. Key takeaways “Time for patience and care.” “Supported Fed’s decision to hold steady on rates last week.” “Tariffs likely to push up inflation, lower growth and hiring.” “Expecting to see more…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
United States New Home Sales (MoM) below forecasts (0.69M) in May: Actual (0.623M)
Info here: Wall Street Journal: Trump considers naming next Fed chair early – bid to undermine Powell Wall Street Journal reports that Trump may accelerate naming a successor to Federal Reserve Chair Powell either this summer, September or October this might allow the chair-in-waiting to influence investor expectations ahead of the end of Powell’s term FX has jumped against…
Winnebago Industries (WGO – Free Report) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.53%. A quarter ago, it was expected that this…
