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.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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