Important upcoming events and publications for June 5 (GMT):
08:00 Euro area Services PMI. Risks for EUR: low. The final estimate for May is expected at 52.5, confirming the deceleration of the pace of business activity in recent months. Stronger data are able to support the Euro.
12:15 U.S. ADP Private Employment. Risks for USD: high. It is expected an increase by 185K in May after a rise by 275K in April. Significantly stronger data can support the dollar.
14:00 U.S. Non-manufacturing ISM. Risks for USD: high. It is expected the slight growth to 55.6 in May. Stronger data can support the dollar.
18:00 Fed’s Beige Book. Risks for USD: low. The review contains qualitative assessments of the economic condition of the US regions and is a public reference point for decisions on the Fed’s monetary policy.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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