News
Important Only
AUD/USD exhibits sideways trend below 0.6700 with US labor market data in focus
FxstreetJul 3, 2024
Taking time means tightening – UBS
Investing.comJul 3, 2024
Up 17% since Monday, this stock is a top pick for July
EUR/USD rises as sticky Eurozone service inflation keeps ECB’s rate outlook uncertain
FxstreetJul 3, 2024
Euro Area: Growth to continue, despite a decline in PMIs – Danske Bank
FxstreetJul 3, 2024
China: Growth likely slowed to 5% y/y in Q2 – Standard Chartered
Economic Indicator
Euro Area: Growth to continue, despite a decline in PMIs – Danske Bank
In contrast to the strong data releases in previous months, June PMIs declined unexpectedly with the composite indicator falling to 50.8 from 52.5 in May, below expectations of 52.5, Eurozone economy to continue growing “Despite, the downtick, the composite PMI was significantly higher in Q2 compared to Q1, indicating that the economy also grew in Q2.Fxstreet
Jul 3, 2024
Economic Indicator
Markets focus on the US data – Societe Generale
The two most-watched US economic surprise indices, published by Bloomberg and Citi, are showing a steady downward trend – i.e., a lot of negative surprises in the data, Societe Generale FX strategist Kit Juckes notes.Fxstreet
Jul 3, 2024
Technical Analysis
USD/CNH: The next resistance above 7.3100 is at 7.3200 – UOB Group
The US Dollar (USD) could edge above 7.3100. The next resistance at 7.3200 is unlikely to come into view, but it is too early to tell if the next significant resistance at 7.3400 will come into view, UOB Group analysts note.Fxstreet
Jul 3, 2024
Other
GS: AI-related investment growth remains strong; adoption by firms still modest
Investment growth in AI-related sectors remains robust, especially for semiconductor companies, Goldman Sachs (NYSE:GS) economists said in a note.Equity markets are anticipating a roughly 50% revenueInvesting.com
Jul 3, 2024
