StanleyC

Annual inflation in Germany declined slightly to 2.1% in April.EUR/USD continues to trade in daily range below 1.1400. Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2.1% on a yearly basis in April from 2.2% in March, Destatis' flash estimate showed

Employment in the US private sector grew at a softer pace than expected in April.The US Dollar Index holds above 99.00 after the data. Private sector employment in the US rose 62,000 in April and annual paw was up 4.5% year-over-year, the Automatic Data Processing (ADP) reported on Wednesday. This r

Overview: The foreign exchange market is quiet. The dollar is mostly little changed against the G10 currencies, mostly in the ranges that have been carved in recent days. The dollar-bloc currencies are mostly flat to firmer. The others are softer, led by the yen's almost 0.5% loss and sterling's 0.3

Gold Gold resistance at 3350/55 again today & shorts need stops above 3365. (Unfortunately we made a high for the day yesterday at 3348.36). A break above 3365/70 is a buy signal targeting 3385/87 & 3395/99, perhaps as far as 3405/08. Holding below 3310 risks a retest of 3263/59. I can't fin

Eurozone GDP rose a better-than-expected 0.4% in the first quarter, but the preliminary data for the second quarter shows that some weakening is in the offing. Better-than-expected growth in 1Q According to the flash estimate, eurozone GDP grew by 0.4% in the first quarter. Among the larger economie

China’s April manufacturing PMIs clearly hit by US-China trade war. Official non-manufacturing PMI and composite PMI also came down. Concrete signs of export shock make stepping up of support likely. Beijing still plays ‘hard to get’ versus US in terms of potential trade talks, ABN AMRO's economist

Summary The U.S. economy is at a greater risk of recession now than it was a month ago, but this 0.3% contraction in Q1 GDP is not the start of one. It reflects instead the sudden change in trade policy that culminated in the biggest drag from net exports in data going back more than a half-century.

Summary The first quarter's employment cost index reflected the ongoing softening in the labor market. Labor costs advanced 0.9% in Q1, bringing the year-over-rate down to nearly a four-year low of 3.6%. While concern about inflation has picked up amid dramatic changes to trade policy, inflationary

US GDP data was weaker than expected for last quarter. The US economy experienced a sharp slowdown, as expected, and growth contracted by 0.3%, vs. a 0.2% decline anticipated by analysts. However, the headline figure only tells us so much, digging a bit deeper into this report gives us a more rounde

S&P 500 broke below 5,515 on poor ADP employment change and advance GDP coupled with price beat. That says it all, and while stocks somehow shook off SMCI miss, the plunge in yields especially on the short end, has gotten more good confirmation in the data just in, that‘s what I talked about har

EUR/USD trades near the 1.1350 zone, dipping slightly during Wednesday’s session after earlier gains.The broader bullish bias remains intact, supported by strong positioning of short- and long-term moving averages.Key support lies at 1.1265 and 1.1212, while resistance levels appear around 1.1354 an

The Bank of Canada revealed the minutes of the meeting held on April 16, which showed that the Governing Council was divided over whether to cut rates or keep them unchanged. Key highlights: All BoC members agreed to maintain a robust survey and outreach plan to better understand in real-time how th

US President Donald Trump said Wednesday that Canadian Prime Minister Mark Carney is seeking to strike a trade deal and is expected to visit the White House within the next week. He also hinted at the possibility of reaching a deal with China eventually. Key QuotesCarney called me yesterday and said