News

Iran’s Baghaei: Constant change of US positions and Iran-Lebanon conflicts cade delay in deal

Iran's Foreign Ministry spokesperson Esmail Baghaei said in the European session on Monday that ‘aggressive action' by the United States (US) is a ceasefire violation, and it led Iranian armed forces to target positions from which US attacks originated.

Source  Fxstreet1780302776

United Kingdom S&P Global Manufacturing PMI up to 53.9 in May from previous 53.7

Source  Fxstreet1780302601

Eurozone Private Loans (YoY) meets forecasts (3%) in April

Source  Fxstreet1780300848
Fed: Later cuts as inflation persists – Rabobank

Rabobank's Senior US Strategist Philip Marey updates his United States (US) and Federal Reserve (Fed) outlook, highlighting a shift by the FOMC away from an easing bias ahead of Warsh’s first meeting. Marey notes that developments in the Middle East are likely to keep energy prices elevated.

Source  Fxstreet1780300532

Austria Unemployment: 301.7K (May) vs previous 320.3K

Source  Fxstreet1780300236

Austria Unemployment Rate declined to 7.1% in May from previous 7.5%

Source  Fxstreet1780300236

Spain HCOB Manufacturing PMI below forecasts (53.7) in May: Actual (51.2)

Source  Fxstreet1780298101

Switzerland Gross Domestic Product (QoQ) came in at 0.7%, above forecasts (0.5%) in 1Q

Source  Fxstreet1780297201

Switzerland Gross Domestic Product (YoY) fell from previous 0.7% to 0.5% in 1Q

Source  Fxstreet1780297201

Australia RBA Commodity Index SDR (YoY) up to 16.8% in May from previous 15.7%

Source  Fxstreet1780295436

Sweden Manufacturing PMI increased to 57.3 in May from previous 57.2

Source  Fxstreet1780295408

Switzerland Real Retail Sales (YoY) above forecasts (0.2%) in April: Actual (1.6%)

Source  Fxstreet1780295400
Euro holds losses against British Pound after Germany’s Retail Sales data

The EUR/GBP cross trades in negative territory near 0.8655 during the early European trading hours on Monday. The Euro (EUR) remains weak against the British Pound (GBP) following the upbeat German Retail Sales data.

Source  Fxstreet1780294887
Euro: Moves with yields and energy prices against US Dollar – Danske Bank

Danske Research Team notes that EUR/USD ended last week around 1.1650 after a sharp drop in Oil prices, with US and Euro area yields both moving lower. They highlight upcoming United States (US) ISM Manufacturing Purchasing Managers' Index (PMI), labor data and the Euro area HICP as key drivers.

Source  Fxstreet1780294763
German Retail Sales decline by 0.3% MoM in April vs. -0.4% expected

German Retail Sales, a key measure of consumer spending, declined again in April. The consumer spending measure dropped 0.3% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.4%. In March, Retail Sales fell by 0.3% (revised from 2.0%)

Source  Fxstreet1780293721

United Kingdom Nationwide Housing Prices s.a (MoM) registered at -0.6%, below expectations (-0.2%) in May

Source  Fxstreet1780293605

United Kingdom Nationwide Housing Prices n.s.a (YoY): 1.7% (May) vs previous 3%

Source  Fxstreet1780293605

Russia S&P Global Manufacturing PMI rose from previous 48.1 to 48.8 in May

Source  Fxstreet1780293604
Asian stocks gain, Nikkei 225, KOSPI hit fresh record highs on AI optimism

Asian equities advance on Monday as technology shares extended gains amid continued enthusiasm for the artificial intelligence-driven rally. However, traders may adopt caution due to highly fluid developments surrounding United States (US)-Iran peace negotiations.

Source  Fxstreet1780291986
US President Donald Trump says Iran really wants to make a deal

US President Donald Trump said that Iran really wants to make a deal, and it will be a good one for the United States (US) and those that are with us. His comments came after US Central Command (Centcom) stated that it struck targets in Iran over the weekend.

Source  Fxstreet1780291085

Netherlands, The Nevi Manufacturing PMI climbed from previous 54.4 to 55.9 in May

Source  Fxstreet1780290075

India HSBC Manufacturing PMI registered at 55 above expectations (54.3) in May

Source  Fxstreet1780290054
Australian Dollar firms against Japanese Yen following China’s RatingDog Manufacturing

AUD/JPY extends its gains for the third successive day, trading around 114.60 during the Asian hours on Monday. The currency cross holds its ground as a wave of mixed economic data from China, Australia, and Japan shaped market sentiment.

Source  Fxstreet1780280833
51.8: China’s RatingDog Manufacturing PMI climbs stronger than expected in May

China's RatingDog Manufacturing Purchasing Managers' Index (PMI) declines to 51.8 in May from 52.2 in April the latest data published by RatingDog showed on Monday. 

Source  Fxstreet1780278407

China RatingDog Manufacturing PMI came in at 51.8, above forecasts (51.4) in May

Source  Fxstreet1780278301
WTI rises toward $89.00 as Israeli troops advance into Lebanon

West Texas Intermediate (WTI) oil price gains ground after three days of losses, trading around $88.80 per barrel during the Asian hours on Monday. WTI price rises over 2% as supply concerns intensify following Israel's orders for troops to move further into Lebanon.

Source  Fxstreet1780278229

Australia ANZ Job Advertisements up to 1.8% in May from previous -0.8%

Source  Fxstreet1780277496

Australia TD-MI Inflation Gauge (YoY) rose from previous 4.3% to 4.4% in May

Source  Fxstreet1780276648

Australia TD-MI Inflation Gauge (MoM) fell from previous 0.6% to -0.3% in May

Source  Fxstreet1780276170

Japan Jibun Bank Manufacturing PMI in line with forecasts (54.5) in May

Source  Fxstreet1780273801
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