Asian Indices Slide After China Data: Hong Kong HSI, Australia ASX, Singapore STI Price Action

Asian indices have fallen sharply after China’s manufacturing activity contracted faster than expected in May – another sign that China’s post-Covid recovery is losing momentum. What is the outlook for the Hang Seng, ASX 200, and the FTSE Straits Times Index?

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Japanese Yen Gains on Intervention Warning as US Dollar Steadies

The Japanese Yen held its ground today after the US Dollar reasserted itself with expectations for the debt ceiling to be approved today. Where to for USD/JPY?

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Retreat in US Yields Supports Gold, But for How Long? XAU/USD, XAU/EUR Price Setups

Gold rose on Tuesday, tracking the decline in US Treasury yields after a deal in Washington to raise the government’s debt ceiling. But is the short-term downtrend in the yellow metal over?

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