Breaking: US core PCE inflation stays unchanged at 2.8% as forecast

The core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Friday by the US Bureau of Economic Analysis (BEA) at 12:30 GMT.

US Dollar retreats ahead of the weekend after PCE proves Fed wrong

The US Dollar (USD) trades lower on Friday ahead of the US trading session with US Personal Consumption Expenditures (PCE) out of the way. Although no big surprises, the confirmation that disinflation is still on track is good confirmation. Traders are

Oil enters wild ride and falls back in red after PCE numbers

Oil prices were trying to claw back though are back to session's low with US equities rolling over. The minutes after the US Personal Consumption Expenditures (PCE) release were hopeful though with a retreating Greenback, equities higher and Oil

Dow Jones Industrial Average rebounds after a loss-heavy week, rallies hard into Friday close

The Dow Jones Industrial Average (DJIA) rebounded over 250 points on Friday as investor sentiment turned higher after US Personal Consumption Expenditures (PCE) Price Index inflation eased faster than expected.

Canadian Dollar recovers on Friday despite Canadian GDP miss

The Canadian Dollar (CAD) is broadly higher on Friday, but gains are capped after softer-than-expected prints in Canadian economic data.

China's Caixin Manufacturing PMI rises to 51.7 in May vs. 51.5 expected

China's Caixin S&P Global Manufacturing Purchasing Managers' Index (PMI) rose from 51.4 in April to 51.7 in May, according to the latest data released on Monday.

US Presi. Biden presents ceasefire plan; Hamas responds positively but Israel rejects

On Friday, US President Joe Biden outlined a three-stage ceasefire plan aimed at de-escalating the conflict between Israel and Hamas that seemed to have claimed about 36,000 lives since the war began last October.

Japan’s Shindo: Real economic growth of 1.3% in FY 2025 is not so unrealistic

Japanese Economy Minister Yoshitaka Shindo said on Monday that the government will “continue efforts for primary balance to reach within surplus territory in FY 2025.” “Real economic growth of 1.3% in FY 2025 is not so unrealistic,” Shindo added.

USD/INR trims gains with all eyes on Indian election outcome

Most recent article: 2024 Indian election: Continuity expected as Modi looks set to win third term Indian Rupee rebounds on Monday on the softer USD.

Gold price slips near multi-week low, US PMI data looms

Gold price (XAU/USD) struggles to gain any meaningful traction during the Asian session on Monday amid a combination of diverging forces and languishes near a three-week low touched on Friday.