The post 51.8: China’s RatingDog Manufacturing PMI beats estimates in May appeared on BitcoinEthereumNews.com.
China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) declines to 51.8 in May from 52.2 in April the latest data published by RatingDog showed on Monday. The market forecast was for a 51.4 reading. AUD/USD reaction to China’s PMI data At the time of writing, the AUD/USD pair is trading around 0.7183, up 0.01% on the day. (This story was corrected on June 1 at 01:50 GMT to say China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) declined to 51.8 in May from 52.2 in April, not rose). Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in
The post Swiss Franc weakens ahead of Q1 GDP data release appeared on BitcoinEthereumNews.com.
USD/CHF gains ground after two days of losses, trading around 0.7830 during the Asian hours on Monday. The pair gains ground as the Swiss Franc (CHF) weakens ahead of the release of key economic data including, Swiss Real Retail Sales for April, Q1 Gross Domestic Product, and May’s SVME – Purchasing Managers’ Index (PMI). Traders will shift their focus on the Institute for Supply Management’s (ISM) Manufacturing PMI, which provides a reliable outlook on the state of the US manufacturing sector. The USD/CHF pair appreciates as the US Dollar (USD) maintains its strength on increased safe-haven demand, driven by market participants closely assessing the highly fluid developments surrounding United States (US)-Iran peace negotiations. US President Donald Trump seeks to alter and reinforce several key terms of the proposal aimed at ending the US-Israel war on Iran. According to the BBC, these requ
The post Australian Dollar firms against Japanese Yen following China’s RatingDog Manufacturing appeared on BitcoinEthereumNews.com.
AUD/JPY extends its gains for the third successive day, trading around 114.60 during the Asian hours on Monday. The currency cross holds its ground as a wave of mixed economic data from China, Australia, and Japan shaped market sentiment. China’s RatingDog Manufacturing Purchasing Managers Index (PMI) slipped to 51.8 in May from the previous month’s 52.2 reading. While this indicates a slight deceleration in expansion, it still managed to beat market expectations of 51.4, offering a layer of resilience to the regional outlook. In Australia, the labor market showed signs of recovery as the ANZ–Indeed Australian Job Ads rebounded by 1.8% month-on-month (MoM) in May, marking the first gain since February and bouncing back from a 0.6% decline in April. However, the overarching trend continues to suggest that labor demand is gradually moderating as elevated bo
The post AUD/USD Forecast: Subdued below 0.7200 after China’s PMI appeared on BitcoinEthereumNews.com.
The AUD/USD pair extends the range play below the 0.7200 mark and moves little following the release of China’s RatingDog Manufacturing PMI, which eased to 51.8 in May from 52.2 in the previous month. Meanwhile, spot prices remain close to a two-week high touched on Friday and seem poised to appreciate further amid a constructive technical setup. Friday’s breakout through the 0.7180 confluence hurdle – comprising the 100-period Simple Moving Average (SMA) on the 4-hour chart and the 50% Fibonacci retracement level of the May downswing – was seen as a key trigger for the AUD/USD bulls. Moreover, the Relative Strength Index (RSI) near 60 hints at constructive but not overextended momentum. Adding to this, the Moving Average Convergence Divergence (MACD) hovers in positive territory with a slight bullish tilt, reinforcing a cautious upside tone. However, persistent geopolitical uncertain
The post China RatingDog Manufacturing PMI came in at 51.8, above forecasts (51.4) in May appeared on BitcoinEthereumNews.com.
Gold stays defensive above $4,500 in the Asian session on Monday, holding Friday’s late pullback from the vicinity of $4,600 or a two-week high. Any meaningful upside seems elusive as geopolitical risks underpin the US Dollar’s reserve currency status, which tends to weigh on the commodity. Furthermore, bets for a Fed rate hike in 2026 support the USD and should cap gains for the non-yielding yellow metal. Source: https://www.fxstreet.com/news/china-ratingdog-manufacturing-pmi-came-in-at-518-above-forecasts-514-in-may-202606010145
The post Unexpected Trends in XRP Movements Offer Insight into Market Dynamics appeared on BitcoinEthereumNews.com.
The cryptocurrency market observed an intriguing shift as the influx of XRP to Binance dropped drastically in May to a mere 215 million tokens. This marked the lowest monthly inflow since early 2022, accompanied by a monetary value transfer approximated at $292 million. Continue Reading:Unexpected Trends in XRP Movements Offer Insight into Market Dynamics Source: https://en.bitcoinhaber.net/unexpected-trends-in-xrp-movements-offer-insight-into-market-dynamics
The post South Korea S&P Global Manufacturing PMI climbed from previous 53.6 to 54.8 in May appeared on BitcoinEthereumNews.com.
Gold stays defensive above $4,500 in the Asian session on Monday, holding Friday’s late pullback from the vicinity of $4,600 or a two-week high. Any meaningful upside seems elusive as geopolitical risks underpin the US Dollar’s reserve currency status, which tends to weigh on the commodity. Furthermore, bets for a Fed rate hike in 2026 support the USD and should cap gains for the non-yielding yellow metal. Source: https://www.fxstreet.com/news/south-korea-sp-global-manufacturing-pmi-climbed-from-previous-536-to-548-in-may-202606010030
The post China’s factory activity beats forecasts in May, private survey shows, despite softer official data appeared on BitcoinEthereumNews.com.
Workers make US flags ahead of the 2026 World Cup football tournament, at a factory in Qingdao, in China’s Shandong province on May 28, 2026. – | Afp | Getty Images BEIJING — China’s factory activity expanded in May, a private survey showed Monday, beating expectations, although growth slowed from the previous month . The seasonally-adjusted RatingDog China General Manufacturing Purchasing Managers’ Index came in at 51.8, a touch above the 51.6 expected in a Reuters poll. The reading was down from April’s 52.2, indicating a slower pace of improvement in manufacturing conditions. The 50 mark separates expansion from contraction. China’s official manufacturing PMI for May fell to 50 from 50.3 in April, in-line with expectations and the lowest since a 49 print in February, according to data released Sunday. Overall, the official PMI “suggest sub
China's tightened oversight on outbound investments may redirect capital back to domestic markets, impacting global tech investment dynamics.
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