Core PCE Jumps to Highest Level in 25 Years: DXY, EUR/USD
A key inflation indicator for the US Federal Reserve released earlier today is going to have FOMC members heads spinning at their next meeting in June. The Core PCE Price Index is said to be one of the Fed’s favorite...
Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office
Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch — except when big companies want to get their employees back to the office during a pandemic. Employers including banks...
Biden goes on offensive against economic critics, argues rising wages show his agenda is working
WASHINGTON — After weeks of defending his economic policies against critics who blame them for overheating the economy, President Joe Biden went on the offensive Thursday, arguing that rising wages are a sign his agenda is boosting the fortunes of...
Dollar Flies High after Strong Inflation Reading
Dollar surges in early US session as boosted by stronger than expected inflation readings. Indeed, the core PCE inflation hit the highest level since 1991. With the current buying momentum, the greenback is likely to end the week on a...
Job searches jumped 5% in states cutting unemployment benefits, analysis finds
Peter Dazeley | The Image Bank | Getty Images The threat of losing unemployment benefits in two dozen states had a modest but short-lived effect on job search activity, according to an analysis published Thursday by job site Indeed. At...
GBPUSD Contests Stern Resistance Zone, Upside Risks Endure
GBPUSD has recoiled to the Ichimoku cloud’s upper surface around 1.4170 after the pair’s latest positive traction, activated near the 1.4100 mark, managed to only yet again peek temporarily above the 1.4200 handle. The bullish simple moving averages (SMAs) are...
Stocks making the biggest moves in the premarket: AMC Entertainment, Ulta Beauty, Salesforce.com & more
Take a look at some of the biggest movers in the premarket: AMC Entertainment (AMC) – The movie theater operator’s shares jumped another 15.4% in premarket trading, following four straight days of gains and a nearly 36% surge in Thursday’s...
US Dollar Index Outlook: Dollar Holds Gains And Eyes US Inflation Data For Fresh Direction Signal
The dollar remains within a narrow consolidation for the second day, following a bounce from 4 ½ month low (89.50) driven buy month-end flows that boosted demand for the greenback. Friday morning trading is quiet as investors await US inflation...
EUR/USD Pair Is Now Consolidating Losses From The 1.2181 Low
The Euro started a downside correction from the 1.2250 resistance zone against the US Dollar. The EUR/USD pair broke the 1.2220 support zone to move into a short-term bearish zone. It even broke the 1.2200 support and there was a...
GBP/USD Outlook: Sterling Holds Gains After Hawkish Comments From BoE Policymaker But The Action Remains Within The Extended Range
Cable is consolidating after Thursday’s 0.60% jump on comments from BoE policymaker Vlieghe who said that the central bank could raise interest rates as soon as the first half of 2022 if the labor market recovers faster than expected. Fresh...
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