Germany HCOB Manufacturing PMI above forecasts (49.9) in May: Actual (50.1)

The post Swiss Franc: Low inflation keeps range intact versus US Dollar – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad notes that Swiss inflation remains comfortably within the Swiss National Bank’s (SNB) price stability definition, with May Consumer Price Index (CPI) expected to stay subdued. This allows the SNB to keep rates at 0.00% for an extended period, even as markets price some tightening. Haddad expects USD/CHF to remain confined to a tight 0.7760–0.7910 range in the near term. SNB patience anchors Franc range “Switzerland May CPI is due Thursday. Headline CPI is expected at 0.7% y/y vs. 0.6% in April while core CPI is expected at 0.3% y/y for a second straight month.” “The Swiss National Bank (SNB) forecasts headline CPI to average 0.5% y/y in Q2.” “Overall, inflation remains well within the range of price stability of less than 2% per annum. As such, the SNB can afford to keep rates at 0.00% for some time.” “The swaps curve price-in 7

The post Euro wavers amid mixed Eurozone data, rising geopolitical tensions appeared on BitcoinEthereumNews.com. The Euro (EUR) holds marginal losses against the US Dollar (USD) on Monday, although the EUR/USD pair remains steady right below the top of the last two weeks’ range, at the 1.1660 area. Mixed Eurozone data and the rising tensions in the Middle East are weighing on risk appetite and acting as headwinds for the common currency. The US and Iran exchanged strikes earlier on Monday, adding strain to an already frail ceasefire, while Israel ramped up its operations in Lebanon, complicating the situation further. The US President Donald Trump is still due to sign a memorandum of understanding that would extend the ceasefire for 60 days. In Iran, the Parliament Speaker Mohammad Bagher Ghalibaf threatened retaliation in a post on X to “clear evidence of US noncompliance with the ceasefire.” In Europe, the HCOB Manufacturing Purchasing Managers’ Index (PMI) was revised up to 51.6 in

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 ECB: 12-month forward inflation projections remain steady at 4% appeared on BitcoinEthereumNews.com. The latest survey by the European Central Bank (ECB) of consumer inflation expectations shows that one-year forward inflation projections remain steady at 4%. Three-year forward inflation projections have cooled down to 2.9% from March’s reading of 3%. Five-year forward inflation projections have remained steady at 2.4%. ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the

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