The widely watched US CPI inflation for April has just been released and showed that price growth eased slightly compared to March. The headline inflation dropped to 8.3% YoY in April from 8.5% in March vs expected 8.1% YoY. The Core CPI figure came in above the consensus estimate as well as it amounted to 6.2% YoY vs exp. 6.0% YoY and compared with 6.5% YoY in previous month.
EURUSD - today’s data provided some fuel for bears. The main currency pair is currently may be heading towards short-term support zone in the 1.0480 area. Source: xStation
Economic Calendar: Markets Await Reports from Procter & Gamble and Western Digital 💡
Daily Summary: SpaceX and the tech sector drive Wall Street, oil retreats sharply below $97
Russia is selling off gold reserves. Why, to whom, and does it matter for the market?
BREAKING: US oil inventories fall more than expected, but distillate build cools enthusiasm