UOB now sees Fed holding rates through 2026, then cutting twice in 2027 amid persistent inflation pressures.
POOL remains in bullish Elliott Wave; wave (II) correction ongoing, may drop toward 123 before wave (III).
EUR/GBP stayed choppy near 0.8659; strong UK GDP buoyed Sterling despite political risks and energy-driven inflation.
ICE remains bullish long-term; wave ((4)) A-B-C with triangle in (B) implies further (C) drop toward 133.36.
NOK/SEK up 11% YTD as hawkish Norges Bank and energy exports boost krone; Rabobank targets 1.02.
Russia’s March foreign trade balance hit $13.966bn, beating the $11.8bn forecast by $2.166bn overall.
Sterling outperformed EUR and CHF post–Operation Epic Fury, but May dips reflect UK politics and BoE expectations.
US jobless claims rose to 211K; continuing claims hit 1.782M as DXY edged higher amid uncertainty.
US retail sales rose 0.5% in April to $757.1B; annual growth 4.9%, dollar index edged higher.
US Import Price Index climbed to 4.2% year-on-year in April, accelerating from 2.1% previously.
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