A key macro report of the day - US CPI report for May - was released at 1:30 pm BST. Market expected headline price growth to stay unchanged at 8.3% YoY. However, there were some rumors that reading may actually be higher than that amid impact of rising fuel prices, among others. Indeed, it was so. Headline price growth accelerated to 8.6% YoY. On month-over-month basis, headline price growth increased 1.0% MoM (exp. 0.7% MoM). On the other hand, core gauge decelerated but less than market expected. The reading is likely to reinforce need for future rate hikes and may shelf discussions over rate hike pause in September
US CPI report for May:
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Headline: 8.6% YoY vs 8.3% YoY expected (8.3% YoY previously)
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Core: 6.0% YoY vs 5.9% YoY expected (6.2% YoY previously)
Canadian jobs report was released simultaneously and showed an employment gain of 39.8k (exp. 29.5k), led by growth in full-time jobs. Unemployment rate dropped to 5.1% (exp. 5.2%). A major beat in US inflation figures outweigh solid Canadian report leading to a jump in USDCAD. The pair is making another attempt at breaking above the 1.2740-1.2760 resistance zone, marked with 50% retracement.
Source: xStation5
التقويم الاقتصادي: التضخم من كندا والناتج المحلي الإجمالي من سويسرا 🔎
حصاد الأسواق (17.11.2025)
ملخص يومي: وول ستريت تحاول وقف موجة البيع 📌الذهب ينخفض بنسبة 1.8%، والبيتكوين يخسر 4.5%
عاجل: مبيعات الجملة والتصنيع في كندا أعلى من المتوقع