Australia TD-MI Inflation Gauge (MoM) fell from previous 0.6% to -0.3% in May

The post Eurozone Unemployment Rate registered at 6.3% above expectations (6.2%) in April appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/eurozone-unemployment-rate-registered-at-63-above-expectations-62-in-april-202606010900

The post United States Dollar Index (DXY) Price Forecast: Hesitation around 99.00 appeared on BitcoinEthereumNews.com. The US Dollar (USD) shows marginal gains on Monday, with risk appetite fading as tensions in the Middle East escalate and oil prices rise. The US Dollar Index (DXY), however, keeps trading in the lower range of the last two weeks’ trading band, with price action struggling to find acceptance above 99.00 ahead of a string of key US macroeconomic releases. Fresh skirmishes between the US and Iran have increased concerns about a fragile ceasefire, while US President Donald Trump is still considering signing a memorandum of understanding that would extend the ceasefire for another  60 days. Furthermore, Israel has ramped up its operations in Lebanon, adding pressure to an already strained truce. On the macroeconomic front, the US has a busy calendar ahead, starting with the ISM Manufacturing Purchasing Managers’ Index (PMI) report, due later today. These figures will frame

The post US Dollar: Stable tone as markets eye data and Warsh – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Derek Halpenny notes the US Dollar is broadly stable at the start of June as markets watch US-Iran negotiations and a busy US data calendar. He highlights that a confirmed deal could allow the Federal Reserve to look through the energy shock, but stronger inflation data would complicate this and could still weigh on the Dollar via a dovish Warsh-led Fed. Dollar steadies into key US data “The US dollar is broadly stable as we start a new month with no sign of the key breakthrough needed in order to have a formal ceasefire extension agreement reached.” “But as usual, the start of a new month brings with it a lot of the key economic data prints in the US. If a deal is announced and confirmed by President Trump there may well be a greater willingness amongst Fed officials to look through the energy price shock. Still, the extent in which the crude oil price declines further will

The post United Kingdom S&P Global Manufacturing PMI up to 53.9 in May from previous 53.7 appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/united-kingdom-sp-global-manufacturing-pmi-up-to-539-in-may-from-previous-537-202606010830

The post Eurozone M3 Money Supply (3m) fell from previous 3.2% to 3% in April appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/eurozone-m3-money-supply-3m-fell-from-previous-32-to-3-in-april-202606010801

The post Eurozone HCOB Manufacturing PMI above expectations (51.4) in May: Actual (51.6) appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/eurozone-hcob-manufacturing-pmi-above-expectations-514-in-may-actual-516-202606010800

The post Germany HCOB Manufacturing PMI above forecasts (49.9) in May: Actual (50.1) appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/germany-hcob-manufacturing-pmi-above-forecasts-499-in-may-actual-501-202606010755

The post Austria Unemployment Rate declined to 7.1% in May from previous 7.5% appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/austria-unemployment-rate-declined-to-71-in-may-from-previous-75-202606010750