The post Swiss Franc picks up from session lows following upbeat Swiss data releases appeared on BitcoinEthereumNews.com.
The Swiss Franc (CHF) holds moderate losses against the US Dollar (USD) on Monday, but has bounced up from daily lows, as Swiss Gross Domestic Product (GDP) and Retail Sales Figures pointed to a resilient economy in the face of the Iran war and the energy shock stemming from it. The USD/CHF pair trades at 0.7825 at the time of writing, after pulling back from session highs, near 0.7840. Data released by the Swiss Federal Statistics Office revealed that economic growth accelerated to 0.7% in the first three months of the year, beating expectations of a 0.5% gain, and following an upwardly revised 0.2% growth in Q4. Compared with the same quarter last year, however, economic growth slowed down to 0.5%, following a 1% advance in the previous quarter. Earlier on Monday, Swiss Retail Sales data also beat expectations with a 1.6% yearly growth in April, well above market
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
The post France HCOB Manufacturing PMI registered at 49.7 above expectations (48.9) in May 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/france-hcob-manufacturing-pmi-registered-at-497-above-expectations-489-in-may-202606010750
The post Italy HCOB Manufacturing PMI came in at 52.9, above expectations (52) in May 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/italy-hcob-manufacturing-pmi-came-in-at-529-above-expectations-52-in-may-202606010745
