Euro in focus ahead of the highly likely ECB rate cut. Euro positioning has improved in recent weeks and softer US data could improve the outlook for the single currency
from DailyFX – Market News https://bit.ly/3XemcdQ
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US Dollar Index Slips As US Manufacturing Contracts Again, Gold Nudges Higher
The latest ISM Report missed forecasts, and last month’s reading, as manufacturing activity in the US contracted for the 18th time in the last 19 months.
from DailyFX – Market News https://bit.ly/3X6mHGP
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GBP/USD Testing 1.2700 as USD Picks Up a Bid, UK Manufacturing Expands in May
Cable is struggling to move higher despite positive UK manufacturing data. The dollar remains better bid and this is driving GBP/USD lower.
from DailyFX – Market News https://bit.ly/3KoSafY
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OPEC+ Fights Declining Oil Prices with Extended Production Cuts, Phased Tapering
Oil attempts to find support after OPEC+ extended output cuts into 2025. Oil prices attempt to make a recovery after multiple days of losses
from DailyFX – Market News https://bit.ly/3R7uqRi
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Markets Week Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, Nasdaq
The ECB is fully expected to start cutting interest rates on Thursday while the monthly US NFPs follow the next day.
from DailyFX – Market News https://bit.ly/3VmYBqg
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Educ Arte Económico 