US Dollar (DXY) Back to Flat on the Day After German Inflation and US ISM DataUS dollar index driven by Euro moves.ISM report shows ongoing weakness in the US manufacturing sector.For all high impact data and event releases, see the real-time DailyFX Economic...
French antitrust regulators preparing to charge Nvidia
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US dollar bounces right back after ISM dip
USD/JPY 10 minsThe US dollar dipped on a softer ISM manufacturing index but it has stormed right back.The fuel is coming from the bond market where 10-year Treasury yields are now up 12 bps on the day and more than 20 bps since the post-PCE lows on Friday. USD/JPY is...
USDCHF higher on the day but battling between technical levels
The USDCHF is being helped by weaker Swiss retail sales/higher US yields. However the ISM data in the US did come out weaker than expectations with prices and employment components also lower. That combination helped to push price down toward an old floor level...
US construction spending for May -0.1% versus 0.2% expected
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US May ISM manufacturing index 48.5 vs 49.1 expected
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Navigating today’s stock labyrinth: Key trends and sector snapshots
Stock heatmap by FinViz.com Mon, 01 Jul 2024 13:46:15 GMTIntroduction: A snapshot of today's market dynamicsToday's stock market presents a vibrant tapestry of gains and losses across various sectors, as depicted in the latest heatmap analysis. While certain areas...
US June S&P Global manufacturing PMI 51.6 vs 51.7 prelim
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US stocks start the 2nd half of the year with early gains
US stocks are off to a positive start to start the new week, new month, new quarter, second half of 2024. The gains are led by the Dow Industrial Average average. The NASDAQ is the laggard.A snapshot of the market currently shows:Dow Industrial Average average up...
The first week of July is bullish for stocks
If you look at the daily averages, the first four trading days of July are among the best days on the calendar over the past 50 years. The average gain on July 1 is +0.27% and the average on July 3 is +0.31% (a top-ten day on the calendar). There are also moderate...
Kickstart the FX trading day for July 1 w/a technical look at the EURUSD, USDJPY & GBPUSD
It is a new trading week, month and quarter. The EURUSD and GBPUSD are higher (lower USD) as the market reacts to elections in France and prepares for the UK election on Thursday. The USDJPY continues its run to the upside with the pair reaching the highest level...
Climbing Treasury yields underpin a strong bid in the US dollar
It's a strong start of the US dollar today and it has picked up further along with New York trade.The catalyst is the bond market with Treasury yields up 6-10 bps across the curve. Tens are up 9.6 bps to 4.44%, which is the highest since June 11.USD/JPY has tracked...
ISM manufacturing kicks off a big week. Canada on holiday
Happy Canada Day. Canadian markets are closed today as we kick off the second half of the year.US markets are open and the theme so far is Treasury selling. US 10s are up 7.8 bps to 4.42% and USD/JPY is at a session high up 34 pips to 161.17.USD/JPY dailyFlows are...
The GBP is the strongest and the CHF is the weakest as the NA session begins
The strongest to weakest of the major currenciesAs the NA session begins the GBP is the strongest and the CHF is the weakest. The UK election is approaching on July 4 with Labour expected to win the majority. An exit poll will be released at 22:00 BST/5 PM EST, with...
Germany June CPI +2.2% vs +2.3% y/y expected
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ForexLive European FX news wrap: Euro up after first round of French elections
Headlines:Markets:EUR leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields up 0.8 bps to 4.408%Gold up 0.5% to $2,336.82WTI crude up 0.6% to $81.97Bitcoin up 4.2% to $62,643The main mover among major currencies to start the...
AUDUSD Technical Analysis – The price action remains rangebound
Fundamental OverviewThe USD started the week on the backfoot as the new month begins. The last week’s strength might have been influenced more by quarter-end flows rather than something fundamental as the economic data didn’t change interest rates expectations....
EUR/USD consolidates gains ahead of US data, key expiries in play
It's tough to see this bounce as being any more than a slight relief for now. There were no major surprises to the outcome of the first round of votes in the French elections. And I reckon that's what markets are responding to mostly, alongside the fact that the...
UK May mortgage approvals 59.99k vs 59.90k expected
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UK June final manufacturing PMI 50.9 vs 51.4 prelim
Prior 51.2It's a slight revision lower to the initial reading but still reaffirms a marginal growth in UK's manufacturing sector. Both output and new orders continued to expand for a second successive month. However, price pressures remain stubborn with input cost...