Eurozone Manufacturing PMI rose to 49.4 in May, beating the 49.3 forecast. Bloc’s Services PMI dropped to 48.9 in May vs. 50.3 estimate. EUR/USD holds…
German IFO Business Climate Index beat estimates with 87.5 in May. EUR/USD remains pressured above 1.1300 on German sentiment data. The headline German IFO Business Climate…
Germany’s Manufacturing PMI edged higher to 48.8 in May vs. 48.9 anticipated. Services PMI for the German economy fell to 47.2 in May vs. 49.5…
The RBA cuts its Official Cash Rate by 25 bps, citing fading upside inflation risks and global headwinds. The Australian Dollar is pressured further by…
The Canadian inflation is expected to have lost further momentum in April. The headline Consumer Price Index is seen rising 1.6% from a year earlier.…
The People’s Bank of China (PBOC), China’s central bank, announced a cut in its Loan Prime Rates (LPRs) on Tuesday. The one-year LPR was cut from 3.1% to…
US Dollar (USD) is expected to trade in a sideways range of 7.1970/7.2190. In the longer run, a breach of 7.2330 would indicate that the…
The Japanese economy contracted by 0.2% over the quarter in the first quarter (Q1) of 2025, following a growth of 0.6% in the final quarter of 2024,…
On Thursday, Banco de Mexico (Banxico) reduced interest rates by 50 basis points from 9% to 8.50% on an unanimous vote. Key highlights of Banxico’s…
Producer inflation in the US continued to softer in April. US Dollar Index stays in negative territory below 101.00. The Producer Price Index (PPI) for…