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Key points: ISM services report shows higher business activity and faster new orders growth. The US dollar sees a slight recovery but remains under pressure ahead of Friday’s NFP report The latest Institute for Supply Management (ISM) services report revealed …
Key points: US economic data shows a decline, impacting the USD. ECB rate cut and Swiss Franc performance signal market shifts. The US dollar is experiencing downward pressure as recent economic data reveals a series of setbacks. The GDPNow forecast, …
Key points: USDSGD remains steady at 1.3462 during the Asian session. ISM services PMI report tonight will provide insights into the US economy. Technical support for USDSGD at 1.3400 and resistance at 1.3500. The USD/SGD pair is consolidating during the …
Key points: U.S. job openings fell to a three-year low, signaling potential economic slowdown. Treasury yields declined, while the dollar and safe-haven assets saw gains. The U.S. economy’s recently robust performance may be starting to wane, as indicated by the …
Key points: ECB Rate Cut sees possible 25 basis point reduction with future signals being key. In the US, NFP release on Friday could prompt re-pricing of US interest rate cuts. The European Central Bank (ECB) is set to cut …
Key points: The dollar index remained steady at 104.58 on Monday, reflecting a 1.56% decline in May but up 3% for the year. Emerging market currencies, particularly the Indian rupee and Mexican peso, showed strength following positive election results in …
Key points: U.S. economy grew at a 1.3% annualised rate from January through March, down from an estimated 1.6%. Market participants eye the upcoming PCE inflation report for further direction on U.S. interest rates. On Friday, the dollar was recovering …
Key points: Spot gold falls to $2,330.44 per ounce. Strengthening US dollar and higher Treasury yields pressure gold prices. Traders focus on upcoming U.S. core PCE inflation data. This article is a follow up from: Gold rises ahead of key …
Key Points: Bank of Japan (BOJ) board member Seiji Adachi signals possible policy action if the Japanese yen falls excessively. Underlying inflation continues to trend toward 2%. BOJ to adjust monetary support based on economic, price and financial developments. On …
Key points: Dollar index (DXY) remains flat just above 104.50 EUR/USD and GBP/USD fail to break key levels U.S. consumer confidence rises unexpectedly in May The dollar showed little direction on Wednesday, despite the rise in the U.S. Conference Board’s …
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