Fed’s 10th Rate Hike – Interest Rates Increased by 25 bps

Significant events to watch:

-AUSTRALIA (AUD): Retail Sales

-USA (USD): CPI (YOY)

-UK (GBP): GDP (YOY)

AUSTRALIA (AUD): RETAIL SALES – Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.  Australia’s retail sales increased to 0.4% in April, better than the forecast of 0.3%.

The report is due Tuesday, 9 May at 01:30 GMT

USA (USD): US CPI (YOY) – The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. The US CPI increased to 5.0% last month, lower than the forecast of 5.2%.

The report is due Wednesday, 10 May 12:30 GMT

UK (GBP): UK GDP (YOY) – Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.  The UK’s GDP rose to 0.6%, beating the forecast of 0.4%.

The report is due Friday, 12 May at 06:00 GMT

Risers and Fallers

-Nasdaq (+2.25%)

-Gold (-1.50%)

-Apple Inc. (+4.69%)

-AUDUSD (+0.84%)

Nasdaq – The Nasdaq increased 2.25% on Friday, reaching a daily high and low of 12262,32 and 12181,08, respectively.

Gold –  The gold price was down 1.50% on Friday. Gold is trading at $2024.90. Central banks are increasing their gold reserves as geopolitical tensions rise.

Apple Inc. (NASDAQ: AAPL) –  Apple’s stock price was up 4.69% on Friday. The stock reached a daily high and low of $174.30 and $170.6, respectively. The stock is trading at $173.57 at the close.

AUDUSD – AUDUSD increased 0.84% on Friday. The pair is trading at 0.6751.

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