Important upcoming events and publications for June 3 (GMT):
08:00 Euro area Manufacturing PMI. Risks for EUR: low. The final estimate for May is expected at 47.7, reflecting a decline in business activity to the near the slowest pace in 6 years. Stronger data are able to support the Euro.
08:30 U.K. Manufacturing PMI. Risks for GBP: moderate. It is expected to decrease from 53.1 to 52.5, reflecting some slowing in business activity. Stronger data can support the pound.
14:00 U.S. ISM Manufacturing. Risks for USD: high. It is expected to grow from 52.8 to 53.0, reflecting a slight increase in business activity. Stronger data can support the dollar.
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
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