Semiconductor Index Rally Hits Elliott Wave Resistance: Pullback Targets Emerge
The recent rally in the Semiconductor Index has encountered a significant technical hurdle, with Elliott Wave analysis suggesting that a corrective pullback may
Forex News
Forex News
Fed’s Goolsbee: Inflation Remains the ‘Clearly the Problem’ on Dual Mandate
Federal Reserve Bank of Chicago President Austan Goolsbee stated on Wednesday that the inflation side of the central bank’s dual mandate is currently
Forex News
US Core PCE Inflation Holds Steady at 3.4% in May, Matching Expectations
The U.S. Bureau of Economic Analysis reported on Friday that the Core Personal Consumption Expenditures (PCE) Price Index rose 3.4% year-over-year in May,
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Banxico Holds Rate at 6.5% as Expected, Citing Inflation and Global Uncertainty
The Bank of Mexico (Banxico) held its benchmark interest rate steady at 6.5% during its latest monetary policy meeting, a decision that aligned
Forex News
Banxico Holds Rate Steady at 6.50% as Inflation Concerns Persist
Mexico’s central bank, Banxico, held its benchmark interest rate steady at 6.50% during its latest monetary policy meeting, a decision that was widely
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U.S. Durable Goods Orders Ex-Transportation Beat Expectations in May, Rising 1.3%
The U.S. Department of Commerce reported on Thursday that new orders for durable goods, excluding the volatile transportation sector, rose by 1.3% in
Forex News
US Inflation Gauge Eases in May: PCE Price Index Rises 0.4%, Below Forecasts
The U.S. Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, rose 0.4% in May, coming in below the
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USD/CHF Price Forecast: Tweezer Top Pattern Signals Potential Reversal Below 0.8100
The USD/CHF pair has retreated below the 0.8100 level, drawing the attention of technical traders after the formation of a ‘tweezer top’ candlestick
Forex News
US Core PCE Price Index Matches Forecasts With 0.3% Monthly Rise in May
The United States Core Personal Consumption Expenditures (PCE) Price Index rose 0.3% in May on a month-over-month basis, matching economists’ forecasts, according to
Forex News
US Core PCE Rises 4.4% in Q1, Matching Forecasts: Inflation Stays Elevated
The U.S. Bureau of Economic Analysis reported that the core Personal Consumption Expenditures (PCE) price index rose at an annualized rate of 4.4%