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Monday, June 3, 2024

European Markets Wrap-Up | Dollar keeps steadier even as yields retreat further to start the week

Dollar keeps steadier even as yields retreat further to start the week

It's a mixed showing so far in European morning trade, as the dollar is holding its ground despite lower Treasury yields today. 10-year yields are down 3.5 bps to 4.476%, continuing the retreat from t... 

tranche

USDCHF Technical Analysis – A look at the chart ahead of the Swiss CPI

Fundamental Overview The USD last week got a boost from the strong US Consumer Confidence data which triggered an aggressive rise in long term Treasury yields. The report however just showed that the... 

The commodities in the spotlight in June trading

Commodities have been some of the best trades so far this year, especially when it comes to metals. In the precious metals space, we have seen gold and silver especially rip higher in recent months. B... 

UK May Final Manufacturing PMI 51.2 vs.51.3 expected

Final Manufacturing PMI 51.2 vs.51.3 expected and 49.1 prior. Key findings: Manufacturing PMI at 51.2 in May. Output rises across all main sub-sectors and size categories. Business optimism springs to... 

Crude Oil Technical Analysis – The price is back at the bottom of the range.

Fundamental Overview Crude oil has been stuck in a range for the entire month of May despite better global growth expectations amid China and other major central banks beginning to ease policies, impr... 

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Latest Forex Orders

FX option expiries for 3 June 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0870 level. But one can argue that the expiries from 1.0850-60 are also ones that can offer some... 

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