Previous Trading Days Events 31.05.2024

The U.S. inflation tracked sideways in April. Price increases could last longer than expected, the Fed Suggested. However, the personal consumption expenditures PCE price index increased 0.3 last month. The PCE price index rose 2.7 year on year, after advancing 2.7 in March

Core PCE, subtracting food and energy prices, rose 0.2 month to month, less than the forecast repeat of Marchs 0.3 rise. In the 12 months to April, the core index rose 2.8, the same as expected and as last months rise.

Source 

httpswww.reuters.commarketsussidewaysaprilpcepriceindexshowsscantinflationimprovement20240531

Winners vs Losers

The USD pairs have reached the top of the list as the U.S. dollar strengthened after this weeks opening. 

News Reports Monitor Previous Trading Day 31.05.2024

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

At 230, inflation in Tokyo was reported to have accelerated in May, increasing chances for a rate hike from BOJ in coming months even as the economy continues to show signs of weakness. No major impact was recorded in the market at that time.

Disappointing Chinas PMI figures were reported at 430 as manufacturing fell back into contraction. CNH depreciated at that time and the USDCNH jumped around 60 pips before reversing immediately.

Morning Day Session European and N. American Session

CPI data for the Eurozone were released at 1200. Inflation in the eurozone rose to 2.6 in May…