EUR/USD Mid-Day Outlook

EUR/USD Mid-Day Outlook

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Daily Pivots: (S1) 1.1258; (P) 1.1322; (R1) 1.1432; More… Intraday bias in EUR/USD remains neutral at this point. On the upside, break of 1.1417 resistance will revive the case that correction from 1.1572 has completed at 1.1064. Retest of 1.1572 should then be seen next. Nevertheless, break of 1.1209 will extend the corrective pattern and […]

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Canada GDP expands 0.1% mom in March, another 0.1% mom in April

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Canada’s GDP grew by 0.1% mom in March, in line with market expectations. Strength in goods-producing industries continued to support overall output. The sector expanded by 0.2%, marking its second lead contribution in the past three months. Services-producing industries also edged higher by 0.1%. In total, 9 out of 20 sectors posted growth. Looking ahead, […]

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XAU/USD Chart Analysis: Gold Price Stabilises Around $3,300

XAU/USD Chart Analysis: Gold Price Stabilises Around $3,300

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Throughout May, a turbulent news backdrop — involving both international trade tariffs and armed conflicts — led to the formation of a peak around $3,430 and a low near $3,130 on the XAU/USD chart. As of today, the price per ounce stands around $3,300 — roughly the same level as at the beginning of the […]

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JPM Dimon: US government should get rid of carried interest

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JPM Jamie Dimon:

  • We need to fix a lot of things. We need to fix us.
  • The dollar may not be the reserve currency if we don’t get our act together.
  • US should be taxing carry forward interest
  • Not increase SALT deduction
  • Says we are going to see a crack in the bond market.
  • Don’t know if crisis will be in 6-months or 6-years.
  • The Fed is right to give time to policy.
  • The Fed has to wait and see.
  • In the future I see inflation. I don’t see deflationary stuff
  • Deregulation and permitting would help growth and inflation
  • We should aspire to 3% growth per year.
  • AI may be deflationary but not next year.
  • I would entertain running for public office if I thought I would have a chance to win.

The markets sold off on the comments on a Friday..

  • Dow is down -0.48%
  • S&P is down -0.90%
  • Nasdaq is down -1.42%

This article was written by Greg Michalowski at www.forexlive.com.

US core PCE inflation cools to 2.5%, income surges

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US headline PCE price index rose 0.1% mom in April, in line with expectations, while annual inflation slipped from 2.3% yoy to 2.1% yoy, below the consensus of 2.2%. Core PCE, Fed’s preferred inflation gauge, also rose 0.1% mom and slowed from 2.6% yoy to 2.5% yoy, matching expectations. The data supports the view that […]

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