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US Inflation Highest Since 1992!


“Risk and time are opposite sides of the same coin, for if there were no tomorrow there would be no risk.  Time transforms risk, and the nature of risk is shaped by the time horizon: the future is the playing field.”  - Peter L. Bernstein




AMC shares retreat but end week up 116% after 4-day rally


Shares of movie theater chain AMC Entertainment closed lower on Friday, snapping a four-day rally that saw them gain 116% on the week.After vaulting to a record high during the session, AMC's shares finished down 1.5% at $26.12. The stock's weekly gain was its largest since January. (Reuters)


S&P, Dow End Month Higher as Investors Weigh Inflation Data


Major indexes turned in slight gains Friday as the Fed’s preferred measure of inflation rose in April. Nasdaq also advanced, but finished May with a 1.5% decline. (Wall Street Journal)


European shares at record high on gains in financials, U.S. spending plan


European shares rose to a record high on Friday as British-exposed financial stocks gained following a hawkish comment from a Bank of England official, with the prospects of increased U.S. fiscal spending boosting market sentiment. (Reuters)




Dollar gives up gains for week as markets digest economic data


The dollar gave up gains from early on Friday as traders tidied positions ahead of month-end and a holiday weekend after seeing new economic data confirm expectations about U.S. inflation and the recovery from the COVID-19 pandemic. (Reuters)


EUR/USD tumbles to weekly lows near 1.2130, rebounds afterwards


EUR/USD extended further the weekly leg lower to the area of 1.2130 before some support turned up at the end of the week. In fact, the buying interest in the dollar accelerated after inflation figures measured by the Core CPE rose 3.1% on a year to April, more than expected and the highest level since 1992. (FX Street)




Gold retakes $1,900/oz level after U.S. inflation ticks up


Gold reversed course and turned positive on Friday, popping above the key $1,900 level, after data showed U.S. consumer prices surged in April and boosted bullion’s appeal as an inflation hedge.




Crypto market recovers after yet another crash as Cardano and other coins surge

The price of bitcoin and other cryptocurrencies such as Ethereum (ether), Cardano (ada), dogecoin were mostly flat on Sunday, after yet another slump. 




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GBP/USD to turn back lower in the near-term – MUFG


“The prospect of a rate hike by Q2 2022 presents a lot of ‘ifs and buts’ with this scenario that suggest this bounce in GBP could easily correct.”


“While we have a bullish view on the pound, the catalyst for this bounce yesterday may not be sustained. We also need to monitor the very near-term risk of the Indian variant of COVID-19 potentially derailing the full reversal from lockdown scheduled for 21st June. We could well see some reversal of GBP gains over the short-term.”




Hong Kong-Shares – Weekly Candlesticks


Source: GKFX  Metatrader 4 

HK-Shares has gained ground in the last two weeks after finding support from a broken long term down-sloping trendline. - Prepared by Trading Writers*




*Times in GMT

Source: FX Street Economic Calendar