Irish Harmonised Index of Consumer Prices Increases to 0.5% in May 2024

MARKET REPORT(Unburdened by what has been) CME Day in Review: Today:DATA (Kamalanomics):– GDP hotter than Expected, +2.8% Exp +2.0% Prev +1.4% led by an acceleration in consumer demand– Durable Goods Headline worse, but Ex-Transport stronger– Weekly Jobless claims declined 235K Exp 247KCOMPANIES:– Ford (-18.36%) SMOKED on profit miss – IBM (+2.73%)– American Airlines (+4.23%)– Unilever…

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The UK government has dismissed a warning from an energy trade body that failing to produce more homegrown North Sea oil and gas will leave the UK increasingly reliant on imports at a time of rising global instability. The industry group, Offshore Energies UK, has said the UK “urgently” needs a greater supply of domestically…

Daily Pivots: (S1) 190.26; (P) 191.19; (R1) 191.99; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, break of 187.84 minor support will turn bias…