Pound Edges Lower as UK Labor Market Cools

Gold rises above short-term SMAs Stochastics turn down MACD and RSI still have positive momentum Gold prices are rallying higher, with the prospect of reaching the record high of 2,531 again. More advances may find resistance at the next round numbers of 2,600 and 2,700. However, the technical signals are mixed. The stochastic oscillator is […]

U.S. Highlights The U.S. economy accelerated in the second quarter, growing by 2.8% (annualized), up from 1.4% in the first quarter. At the same time, inflation cooled to 2.5% year-on-year (y/y) in June, as measured by the personal consumption expenditure deflator. However, the Fed’s preferred inflation metric, core PCE, was unchanged relative to May. High […]

U.S. Highlights Inflation, as measured by the Consumer Price Index, accelerated to 3.5% year-on-year in March – the highest reading in six months. Minutes from the Federal Reserve meeting in March showed that officials remained in favor of exercising patience amid persistent inflationary pressures. U.S. Treasury yields spiked roughly 15 basis-points as market expectations for […]