The Consumer Price Index rose 0.4 percent in April on a seasonally adjusted basis, after rising 0.1 percent in March, the US Bureau of Labor Statistics reported today. Over the past 12 months, the all-items index increased 4.9 percent before seasonal adjustment. The housing index was the largest contributor to the monthly increase for all items, followed by increases in
The core consumer price index, which excludes food and energy, likely rose 5.5% in April from a year earlier, after rising 5.6% the previous month. The yearly advance would suggest only a slight easing in the pace of core price pressures, and that inflation is proving persistent. The core rate has remained in a range of 5.5% to 5.7% for
EURUSD is over buy prices today. Market is still into buy levels between 1,0980 and 1,0960. Buy intervals for scalping: Buy stop 1,0980 to TP 1,0990. Buy stop 1,10 to TP 1,1010. Then wait confirmation above 1,1010 and buy up to 1,1030 levels. Attention to highs Sell intervals are not recommended, if market opens for sellers tomorrow it is ideal
EURUSD closed above 1.10. Buyers preference. Buy stop 1.1060 to TP 1.1070. Then buy only above 1.11 to TP 1.1130 levels. Attention to highs. If tomorrow sellers opening then sell stop : 1.1028 to TP 1.1015. Then sellers only below 1.10 to 1.0990. GBPUSD closed above 1.2450 today. Buyers preference. Buy stop 1.2505 to TP 1.2525. Sellers only below 1.2450
The US Fed is likely to deliver a 25 basis point interest rate hike and then pause for the rest of the year. The US Federal Reserve will deliver a final 25 basis point interest rate hike in May and then hold rates steady for the rest of 2023, according to a Reuters survey of economists. The survey also showed
FOMC minutes gave the idea to rate hike for next month of may. EURUSD holded buyers today. NO sellers unless below 1.0950. Buy at 1.1005 to TP 1.1020. Then between 1.1030 and 1.1020 no buyers unless we get the confirmation above 1.1030 to TP 1.1050. Markets still under speculative trading. GBPUSD holded buyers today. Buy stop 1.2510 to TP 1.2520. Then
EURUSD closed for sellers today at closing markets. Sellers preferred below 1.0850 to TP 1.0840. Then short again sell stop at 1.0830 to TP 1.0815. Once below 1.08 under confirmation ideally (price closed below 1.08) then more sellers to tP 1.0760. If tomorrow market opens for buyers at 1.0880 then buy up to 1.0890 and 1.0890. Below 1.09 ideally sell
The market intervals for the opening of London on 10/04 EURUSD is currently remaining below the maximum zone of the market. Sellers being preferred below 1.0930 until 1.0910 and below 1.09 until 1.0880, buyers should be wary at 1.0880. The proposed scalping strategy suggests maintaining intervals of 10 pips per entry, although depending on volume, an entry could reach up
The Federal Reserve’s battle to keep inflation in check has been ongoing for some time. According to St. Louis Fed President James Bullard, the best course of action at this time is to focus on raising interest rates. This will allow the labor market to remain strong while the possibility of financial stresses subsides. Despite these factors, Bullard acknowledges that
The private sector continues to demonstrate growth in the labor market, as reflected in the ADP National Employment Report for March. The report shows an increase of 145,000 jobs, a positive change for the economy. What’s more, the annual pay of employees has increased by 6.9 percent year-over-year. The ADP Research Institute and the Stanford Digital Economy Lab worked together
