News
Important Only
CTAs poised to drive Gold higher – TDS
CTAs will still buy Gold regardless of any scenario this coming week. We expect imminent algo buying activity to persist and accelerate into NFP, potentially tallying up to a massive +30% of algos' max size, TDS' Senior Commodity Strategist Daniel Ghali notes.
Fxstreet
Thu, May 29
US pending home sales fall sharply in April
WASHINGTON, May 29 (Reuters) - Contracts to buy U.S. previously owned homes fell more than expected in April as rising mortgage rates and economic uncertainty weighed on demand.The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, droppe...Reuters
Thu, May 29
US flash Q1 GDP Growth Rate came in at -0.2%
According to the Commerce Department’s Bureau of Economic Analysis (BEA), the advanced GDP Growth Rate is expected to have contracted by 0.1% in the January-March period. The readings show a marked pullback from the prior quarter’s 2.4% expansion.Fxstreet
Thu, May 29
Brazil's bank lending picks up in April despite tight borrowing costs
BRASILIA, May 29 (Reuters) - Brazilian bank lending accelerated in April despite tight borrowing costs, central bank data showed on Thursday, highlighting the resilience of economic activity even after aggressive monetary tightening.Outstanding credit rose 0.7% from the previous month to 6.6 trillio...Reuters
Thu, May 29
US corporate profits decrease sharply in first quarter
WASHINGTON, May 29 (Reuters) - U.S. corporate profits fell sharply in the first quarter and could continue to be squeezed this year by higher costs from tariffs that are threatening to undercut the economic expansion.Profits from current production with inventory valuation and capital consumption ad...Reuters
Thu, May 29
US weekly jobless claims rise more than expected as labor market eases
WASHINGTON, May 29 (Reuters) - The number of Americans filing new applications for unemployment benefits increased more than expected last week, while the jobless rate appeared to have picked up in May as labor market conditions continue to ease.Initial claims for state unemployment benefits rose 14Reuters
Thu, May 29
US: Initial Jobless Claims increased to 240K last week
US citizens filing new applications for unemployment insurance climbed to 240K for the week ending May 24, as reported by the US Department of Labor (DOL) on Thursday. This print came in above initial estimates and the previous week's revised tally of 226K (from 227K).Fxstreet
Thu, May 29
