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: S&P 500 and Nasdaq indexes hit record closing highs, driven by technology stocks. Private payrolls data shows slowdown in May, indicating potential for Fed rate cuts. On Wednesday, the S&P 500 and Nasdaq indexes soared to record closing …
Key points: ECB expected to announce a 25-basis point interest rate cut on Thursday, the first since 2019. EURUSD is likely to face downward pressure with such a dovish stance from the ECB. The European Central Bank (ECB) is poised …
Key points: Bank of Canada cuts interest rates for the first time in four years, signaling more to come. Canadian dollar (CAD) experiences mixed performance against other currencies following rate cut. Homeowners across Canada are breathing a sigh of relief …
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: WTI crude futures remain near $73 per barrel, holding at four-month lows. Brent crude futures hover around $76 per barrel, near three-month lows. US crude inventories increased by 4.052 million barrels, defying expectations of a 1.9-million-barrel draw. OPEC+ …
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: Nikkei falls 0.45% to 38,749.25 after approaching 39,000 points. Investors take profits after two consecutive days of gains. Japan’s Nikkei share average fell on Tuesday as profit-taking set in after Japanese equities rebounded close to the 39,000-point mark …
Key points: PCE inflation rose 2.7% in April, easing fears of spiraling inflation. US Dollar Index logged modest losses, reflecting a weaker greenback. This article is a follow-up to: PCE data to play integral role in Fed rate decisions The …
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