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Thursday's breaking news
News Type : Durable Goods Orders (MoM) (May)
Currency : USD🇺🇸
Time : 15:30
Effects : ⭐
Previously : 0.7%
Forecast : -0.5%
———————————————
News Type : GDP (QoQ) (Q1)
Currency : USD🇺🇸
Time : 15:30
Effects : ⭐
Previously : 3.4%
Forecast : 1.3%
———————————————
News Type : Initial Jobless Claims
Currency : USD🇺🇸
Time : 15:30
Effects : ⭐
Previously : 238K
Forecast : 236K
———————————————
News Type : Pending Home Sales m/m
Currency : USD🇺🇸
Time : 17:00
Effects : ⭐
Previously : -7.7%
Forecast : 0.6%
Repost from N/a
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🔠ECB Member Schnabel talks about inflation and interest rates
As reported by Bloomberg News, European Central Bank Board Member Isabel Schnabel said yesterday, Sunday, that the risk of new inflationary tremors means that the European Central Bank must remain flexible on interest rates.
The European policymaker added that we are likely to be threatened by new price shocks, and that is why we are on alert, although we have not previously committed to a fixed price path, but we rely on economic data in making monetary policy decisions.
In addition, Schnabel explained that although goods inflation is slowing rapidly, price pressures from services have proven to be more difficult, anticipating that the process of reducing inflation in the euro area will be difficult.
Also, the ECB member said that recent developments point in the right direction. However, she noted that geopolitical risks and the repercussions of climate change, including the recent landslide in Switzerland, are among the potential supply-side shocks.
Dear Traders...
Welcome each and everyone to a new trading week... We commence this week in the name of Jesus Christ, our resurrected Lord and Saviour. 🙏 A fruitful, buoyant and pips gain week to you all. May the Holy Spirit direct us when to enter the market, when to move out of the market and when not to enter the market. We speak Grace.. ..all the way.. In Jesus' Mighty name we pray Amen.
Huge Pips to be made this week guys... Let’s make this the best week of your trading career so far... Let's catch you some serious 💵💴
By the Resurrection Power of Jesus Christ, we declare that we shall begin to earn massive profits like never before in Jesus' name.
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Repost from N/a
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NEWS RESULTS
USD🇺🇸
Existing Home Sales (May)
Previous: 4.14M
Expect: 4.08M
Current: 55.1
Result: Positive for USD🇺🇸
🔴Treasury yields retreat after data hints at slowing economy
U.S. Treasury bond yields were slightly down on Friday as investors pondered the latest economic data for signs of a slowing economy.
🔹The 10-year Treasury yield was 2 basis points lower at 4.23%.
🔹The 2-year Treasury note yield was down 2 basis point at 4.709%.
Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.
