Hot Market News
⚪️ EUR/USD is battling 1.0700, staying defensive at the start of the week on Monday. The US Dollar is holding post-US NFP gains amid cautious optimism, as investors assess the Fed interest rates outlook ahead of US ISM Services PMI. Eurozone PPI data eyed as well. Source: fxstreet.com
🔴 GBP/USD is falling toward 1.2400 amid a modest US Dollar strength, dragging the major lower for the second successive day on Monday. Markets repricing of the Fed interest rates outlook push the US Treasury bond yields higher. Focus shifts to US ISM Services PMI. Source: fxstreet.com
🟢 USD/JPY pair has shifted its auction comfortably above the crucial resistance of 140.00 in the Asian session. The major is expected to extend its gains firmly as Friday’s upbeat United States Nonfarm Payrolls (NFP) data have accelerated the odds of more interest rate hike announcements by the Federal Reserve (Fed). Source: fxstreet.com
🟢 AUD/USD is recovering ground above 0.6600 after China's Caixin Services PMI met estimates with 57.1 in May. The Aussie snaps the previous day’s retreat, despite a firmer US Dollar, mixed Aussie data and a cautious market mood. Focus shifts to US ISM Services PMI and RBA decision. Source: fxstreet.com
🟢 USD/CAD recovers from the key Exponential Moving Average (EMA) while snapping a three-day downtrend near 1.3440 heading into Monday’s European session. The Loonie pair renews its intraday high while bouncing off the lowest levels in three weeks. Source: fxstreet.com
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