Eric Feigl-Ding
#Manufacturing
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#EURUSD tumbled to five-day lows near the 1.0820 region, an area coincident with the provisional 100-day #SMA. The preliminary #Consumer #Confidence tracked by the #European Commission (#EC) in the broader #Euroland is due on May 23, ahead of May’s flash #Manufacturing and Services #PMIs.
#GBP/USD clung to daily gains on the back of renewed repricing of rate cuts by the BoE in the wake of #UK inflation data. On May 23, flash #Manufacturing and Services PMIs will be revealed prior to the speech by the #BoE’s Pill.
Higher yields and the continuation of the rebound in the dollar lent extra legs to #USD/JPY, which flirted with the area of three-week tops.
#Foreign #Bond Investment are due on May 23, seconded by advanced #Jibun #Bank Manufacturing and Services #PMIs.
#AUD/USD retreated markedly to multi-session lows following the stronger dollar and the weak tone in the commodity space. The #Consumer #Inflation #Expectations are next on tap in #Oz on May 23 followed by the flash #Judo #Bank Manufacturing and #Services #PMIs.
#Gold prices added to Tuesday’s decline following hawkish #FOMC #Minutes, higher yields and a robust greenback.
#Silver followed suit and revisited three-day lows in the sub-$31.00 mark zone.
#GBP/USD clung to daily gains on the back of renewed repricing of rate cuts by the BoE in the wake of #UK inflation data. On May 23, flash #Manufacturing and Services PMIs will be revealed prior to the speech by the #BoE’s Pill.
Higher yields and the continuation of the rebound in the dollar lent extra legs to #USD/JPY, which flirted with the area of three-week tops.
#Foreign #Bond Investment are due on May 23, seconded by advanced #Jibun #Bank Manufacturing and Services #PMIs.
#AUD/USD retreated markedly to multi-session lows following the stronger dollar and the weak tone in the commodity space. The #Consumer #Inflation #Expectations are next on tap in #Oz on May 23 followed by the flash #Judo #Bank Manufacturing and #Services #PMIs.
#Gold prices added to Tuesday’s decline following hawkish #FOMC #Minutes, higher yields and a robust greenback.
#Silver followed suit and revisited three-day lows in the sub-$31.00 mark zone.