- ​​​​​​The number of Americans filling for unemployment benefits was 0.203 million in the week ended May 7, compared to 0.200 million reported in the previous week. Today’s reading came in above/below market expectations of 0.195 million.
- Continuing claims reading, which lags initial jobless claims data by one week, dropped to 1.343million from 1.384 million, while analysts expected a decrease to 1.380 million.
- Annual producer inflation in the United States edged down/higher to 11.0% in April from 11.2% in March, above analysts’ estimates of 10.7%
- The producer price index for final demand less foods and energy dropped to 8.80% from a year earlier in April, from 9.2% in March and below market expectations of an 8.9% increase.
EURUSD is trading lower today, however data provided some fuel for bulls. The main currency pair bounced off local support 1.0388. Source: xStation
Daily summary: Powell is pushing the dollar higher. Now it’s time for Big Tech earnings. 📄
EURUSD falls below 1.16 after Fed đź’µ
FED Powell Conference (LIVE)
BREAKING: Fed cuts interest rates and will end QT on December 1st đź“Ś
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr SÄ…dowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
