In focus today In the US, the ADP private sector employment report will provide markets with the first sense of what to expect from Friday’s upcoming May Jobs Report. The ISM services index for May will also be released, the flash PMI pointed towards a small uptick. Atlanta Fed’s Bostic is scheduled to give remarks […]
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Key Highlights USD/JPY started a fresh decline below the 144.00 level. A connecting bullish trend line is forming with support at 143.40 on the 4-hour chart. EUR/USD is now gaining pace and might clear the Read more…
Markets are awaiting today’s US non-farm payrolls release, with little doubt that hiring had slowed meaningfully in May amid heightened tariff threats and elevated uncertainty. The key question now is just how sharp the slowdown Read more…
Kansas City Fed President Jeff Schmid acknowledged in a speech overnight that monetary theory may suggest to “looking through a one-time price shock”, he would be “uncomfortable staking the Fed’s reputation and credibility on theory Read more…