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Thursday, May 30, 2024

American Market Recap: Preview: What to look for in the April US PCE inflation report

Preview: What to look for in the April US PCE inflation report

Core PCE y/y Tomorrow we will find out just how nervous financial markets are about inflation. The key number of the week comes at 8:30 am ET with the release of core PCE. The consensus is +0.3% m/m b... 

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Stocks extending the fall

US stocks are extending their moves to the downside with the NASDAQ index now down -1.10%. Nvidia shares are leading the way with a decline of -3.7% to 1105.84. That comes after a report from Bloomber... 

US has given the US permission to US weapons inside Russia near Kharkiv

NATO allies have slowly been giving Ukraine permission to use weapons in Russia, and now we get the big one with the US authorizing its weapons to be used in Russia but only in the area around Kharkiv... 

US to reign in AI chip sales to Middle East by Nvidia and AMD

Here is the report It's obvious that H100 chips are making their way all over the world and the US wants to stop it. This is only going to raise tensions further and push some Middle Eastern countries... 

Fed's Bostic: I don't see a rate cut in July but I am open if data justifies

The outlook is inflation will come down very slowly The economy continues to grow but it's growing at a slower pace I expect to reach the inflation goal without an unemployment jump The July comment i... 

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Latest Forex Orders

FX option expiries for 30 May 10am New York cut

There are a few to take note of on the day, as highlighted in bold . They are all for EUR/USD, so let's take a look at how the expiries might impact price action as such. The first ones are at the 1.0... 

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