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Gold markets have been sideways during most of the month of May, using the $1700 level as support.

The US dollar has risen most of the month of May against the Japanese yen, but as you can see on the weekly chart, we are still in a relatively tight range.

The British pound has been rather negative during the week heading into June, just as it has been for the entirety of the month of May.

The Australian dollar has gone straight up in the air again during the month of May, reaching towards the 0.6665 level as I write this article.

So far this week the Australian Dollar has advanced 1.71 percent against the US dollar as risk appetite dominates the financial markets.

<p>BoE policymaker Michael Saunders, a known dove, warned of the risks of a “vicious circle whereby the economy gets stuck in a self-feeding loop of weak activity, pessimistic expectations and low investment.” “The searing experience of such a dramatic drop in incomes, jobs and profits is likely to have lasting behavioural e

<p>According to second estimate, US GDP contracted -5.0% annualized in Q1, worse than first estimate of-4.8% annualized. A downward revision to private inventory investment was partly offset by upward revisions to personal consumption expenditures (PCE) and nonresidential fixed investment. PCE price index was unrevised at 1.3% yoy. PCE core p

<p>US durable goods orders dropped -17.2% to USD 170.0B in April, better than expectation of -18.1%. That’s still the second month of sharp decline, following -16.6% in March. Ex-transport orders dropped -7.4%. Ex-defense orders dropped -16.2%. Full release here.</p> <p>The post <a rel="nofollow" href="http

<p>US initial jobless claims continued to drop, by -323k to 2123k in the week ending May 23. Four-week moving average of initial claims dropped -436k to 2608k. Continuing claims dropped -3860k to 21052k in the week ending May 16. Four-week moving average of continuing claims rose 765.25k to 22722k. Full release here.</p> <p>The po

<p>Eurozone Economic Sentiment Indicator rose slightly to 67.5 in May, up from 64.9, but missed expectations of 70.5. Employment Expectations Indicator led the way, jumped to 70.2, up from 58.9. Industrial Confidence rose to -27.5, up from -32.5. Consumer Confidence rose to -18.8, up from -22.0. Retail Trade Confidence rose slightly to -29.7,