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<p>The euro keeps showing strength against the U.S. dollar, indicating a shift to a larger risk appetite among global markets. Yesterday (June 2), EUR/USD climbed 0.3% to 1.1172, the highest closing level since March 12. The currency pair also posted a six-day rally. Obviously, the euro will continue to outperform the dollar – widely re

<p>The price of crude oil rose in overnight trading as investors remained optimistic about global demand as economies reopen. The price of Brent, the international benchmark, rose to more than $40 while West Texas Intermediate (WTI) rose to above $38. Investors are also waiting for an important OPEC+ meeting that will happen in the coming [&h

<p>Market movers today Today, PMI services indices for May are due out in a number of countries (Sweden 08:30 CEST, Spain 09.15 CEST, Italy 09:45 CEST, US ISM non-manufacturing 16:00 CEST). Chinese Caixin PMI services already released this morning rebounded to the highest level since October 2010 and standing at 55.0 are now back in […

<p>General Trend: Automakers are among the gainers in Japan amid the recent rise in USD/JPY; Nissan rises over 5% Geely Auto rises over 2% in HK, China auto association (CAAM) said May car sales could rise over 11% y/y Financials and energy firms trade generally higher in Australia and Hong Kong Australia expected to have […]

<p>For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.1172. In the Asian session, at GMT0300, the pair is trading at 1.1196, with the EUR trading 0.21% higher against the USD from yesterday’s close. In the US, the ISM-NY business conditions index jumped to 19.5 in May, […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 3.67% against the USD and closed at 1.2550. On the data front, UK’s Nationwide housing prices dropped 1.7% on a monthly basis in May, recording its biggest fall since 2009 and more than market forecast for a drop of 1.0%. In the previous month, house […]

<p>For the 24 hours to 23:00 GMT, the USD declined 1.37% against the JPY and closed at 108.64. In the Asian session, at GMT0300, the pair is trading at 108.56, with the USD trading 0.07% lower against the JPY from yesterday’s close. On the data front, the Jibun Bank services PMI rose to 26.5 in […]

<p>For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 0.9620. On the data front, Switzerland’s real retail sales plunged 19.9% on a yearly basis in April, compared to a revised fall of 5.8% in the previous month. Meanwhile, the SVME Purchasing Managers’ Index advanced to 42.1 in […]

<p>For the 24 hours to 23:00 GMT, the AUD declined 0.20% against the USD and closed at 0.6890. LME Copper prices rose 1.6% or $86.5/MT to $5,463.0/MT. Aluminium prices declined 0.8% or $12.0/MT to $1,499.5/MT. In the Asian session, at GMT0300, the pair is trading at 0.6934, with the AUD trading 0.64% higher against the […]

<p>For the 24 hours to 23:00 GMT, Gold declined 1.13% against the USD and closed at USD1734.40 per ounce, amid rise in global equity markets. In the Asian session, at GMT0300, the pair is trading at 1732.90, with gold trading 0.09% lower against the USD from yesterday’s close. The pair is expected to find support […]