UK growth flatlined in April, adding to the woes of yesterday’s concerning jobs data. GBP/USD will be data dependent today as markets await crucial US CPI and the FOMC forecasts...

Today’s US inflation data for May and the latest FOMC policy decision, including the quarterly Summary of Economic Projections, will be the drivers of market price action over the coming weeks....

Risk markets are on the backfoot as US trading starts, with European indices continuing this week’s move lower. Gold has stabilized and is using chart support to push higher....

The risk gauge for EU bond markets (periphery bond yields) have risen since French President Macro’s announcement to hold parliamentary elections, weighing on the Euro...

As the US dollar continues to strengthen against the Japanese Yen, all eyes are now on the Bank of Japan’s monetary policy meeting on Friday....

UK job losses accelerated in May by over 50,000 – the most since February 2021 while pay growth rose. The Bank of England meets next week to set interest rates...

Stubborn inflation and a robust labour market are likely to add to concerns FOMC members are having around cutting interest rates prematurely. Even growth is on track for a recovery...

Gold and silver are trying to recover some of last Friday’s post-NFP heavy losses but further gains may be limited ahead of the latest look at US inflation and the FOMC policy decision....

The UK job market has eased, unlike what we’ve seen in the US after last week’s NFP surprise. UK growth remains constrained but that has not impeded sterling gains...

French President Emmanuel Macron called a snap election after his party suffered a heavy defeat to the far-right National Party at this weekend’s European elections....