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United States S&P Global Services PMI came in at 54.9 below forecasts (55.1) in May
United States S&P Global Services PMI came in at 54.9 below forecasts (55.1) in May
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United States S&P Global Composite PMI below expectations (54.5) in May: Actual (54.3)
United States S&P Global Composite PMI below expectations (54.5) in May: Actual (54.3)
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EUR/GBP recovers further from YTD low set last week, climbs to 0.8630 region
The EUR/GBP cross gains positive traction for the second successive day on Monday and recovers further from a fresh YTD low, around the 0.8565 region
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Gold Price Forecast: XAU/USD attempts recovery from $1,940 ahead of US Services PMI
Gold price (XAU/USD) has defended its downside after a fresh four-day low around $1,940.00 in the New York session. The precious metal is expected to
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AUD/USD holds steady near daily peak, around 0.6600 ahead of US ISM Services PMI
The AUD/USD pair attracts some dip-buying near the 0.6580 area and climbs to the top end of its intraday trading range during the early North American
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Lagarde speech: No clear evidence that underlying inflation has peaked
While speaking at the Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels, European Central Ba
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USD/CAD continues to remain sideways around 1.3450 as focus shifts to BoC policy
The USD/CAD pair is consistently showing back-and-forth action around 1.3430 in the early New York session. The Loonie asset is struggling to deliver
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June Flashlight for the FOMC Blackout Period
To Hike or Not to Hike, That Is the Question Summary After raising rates by 500 bps since March 2022, the FOMC signaled at the conclusion of its...
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Euro Extends Losses After Sizzling Nonfarm Payrolls
ECB’s Lagarde hints at further rate hikes US nonfarm payrolls surges to 339,000 US unemployment rises to 3.7% The euro has extended its losses on...
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US: ISM Shows Services Sector Growth Slowed in May
The ISM Services PMI index pulled back to 50.3 in May from 51.9 in April. This falls well short of the 52.4 percent reading consensus was...
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ECB Lagarde: No clear evidence underlying inflation has peaked
Christine Lagarde, President of ECB, acknowledged the persistence of robust price pressures in her recent speech. She pointed out that both...
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US ISM services dropped to 50.3, corresponds to 0.2% annualized GDP growth
US ISM Services PMI dropped from 51.9 to 50.3 in May, below expectation of 52.6. Looking at some details, business activity/production dropped...
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Euro Soft on Poor Investor Confidence, Aussie Range Bound ahead of RBA
Euro is experiencing some selling pressure today, brought on by discouraging investor confidence data, with other European currencies also showing...
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ECB's Lagarde: No clear evidence that underlying inflation has peaked
Price pressures remain strong Underlying inflationary pressures remain high Wages pressures have strengthened further Decisions will continue...
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The major US stock indices are trading marginally higher to start the new trading week
The major US stock indices are trading marginally higher to start the trading week. A snapshot of the market 7 minutes into the open and showing:...
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GBPUSD sellers take more and more control in trading today
The GBPUSD has moved lower in trading today. The early catalyst was getting below its 100 hour moving average (blue line in the chart below)....
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EURUSD falls helped by weaker ISM services data today
The EURUSD is moving to a new session low in early US trading. The pair is being helped by weaker ISM services data today (and perhaps better...
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US May employment trends 116.15 vs 116.18 prior
Prior was 116.18 This article was written by Adam Button at www.forexlive.com.
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US April factory orders 0.4% versus 0.8% expected
Prior +0.4% (was revised from 0.9% in the preliminary). Revised to +0.6% Factory orders April 0.4% vs 0.8% expected Factory orders Ex...
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US ISM May services index 50.3 vs 52.2 expected
Prior was 51.9 employment index 49.2 versus 50.8 prior new orders index 52.9 versus 56.1 expected prices paid index 56.2 versus 59.6 prior...
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S&P Global final May US services PMI 54.9 vs 55.1 prelim
Fourth consecutive increase Best services reading in 13 months Prelim was 55.1 Prior was 53.6 Composite PMI 54.3 vs 54.5 prelim Prior...
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US equities are looking lifeless to start the week
S&P 500 futures are up 3 points, or 0.08%, to 4291 in a market that appears to be in wait-and-see mode ahead of the ISM services data at the...
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Saudis are fed up with OPEC members not meeting oil output goals - report
The Saudis are fed up with OPEC members not meeting output goals, according to a Bloomberg report. The Saudi Energy Minister reportedly told Al...
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ISM services survey highlights Monday's US economic calendar
The new week kicked off with a bang as OPEC+ delivered cuts through 2024 and Saudi Arabia pledged to lower production by 1m bpd in July, and maybe...
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Forecast for a +25bp RBA cash rate increase due to "ongoing inflation and wages concerns"
A forecast for the Reserve Bank of Australia monetary policy decision due Tuesday, 6 June 2023 at 2.30pm local time 0430 GMT and 1230 US Eastern...