News
Important Only
Crude Oil attempts to shrug off supplies buildup, WTI claws back to $74
FxstreetJun 5, 2024
Argentina Industrial Output n.s.a (YoY) increased to -16.6% in April from previous -21.2%
USD/JPY Price Analysis: Erases previous-day losses and climbs above 156.00
AUD/NZD tumbles after Australian GDP data reaches lows since March
Forex Today: Markets’ attention shifts to the ECB
Gold climbs on soft US jobs data, lower US Treasury yields
Economic Indicator
AUD/NZD tumbles after Australian GDP data reaches lows since March
The AUD/NZD continued its bearish trajectory on Wednesday, declining to its lowest level since March, registered at around 1.0740 amid the newly released Australian Gross Domestic Product (GDP) Q1 data.Fxstreet
Jun 5, 2024
Commodities
Gold climbs on soft US jobs data, lower US Treasury yields
Gold’s price remains range-bound and advanced on Wednesday, making a U-turn to Tuesday’s price action following the release of mixed US economic data that could warrant lower borrowing costs set by the US Federal Reserve (Fed).Fxstreet
Jun 5, 2024
Forex
Mexican Peso rises following election slide as finance minister calms investors
The Mexican Peso stages a recovery against the US Dollar, printing gains of more than 1.50% on Wednesday following Mexican Finance Minister Rogelio Ramirez de la O’s press conference on Tuesday that attempted to calm the financial markets.
Fxstreet
Jun 5, 2024
Economic Indicator
Macklem speech: It is looking like a soft landing for the economy
Tiff Macklem, Governor of the Bank of Canada (BoC), explains the BoC decision to lower the interest rate by 25 basis points to 4.75% after the June policy meeting and responds to questions from the press.Fxstreet
Jun 5, 2024
Economic Indicator
Macklem speech: Timing of any further interest rate cuts will depend on data
Tiff Macklem, Governor of the Bank of Canada (BoC), explains the BoC decision to lower the interest rate by 25 basis points to 4.75% after the June policy meeting and responds to questions from the press.Fxstreet
Jun 5, 2024
Forex
GBP/USD Price Analysis: Stays firm after strong US data, bears eye 1.2700
The GBP/USD is virtually unchanged in early trading during the North American session, following the release of the Institute for Supply Management (ISM) Services PMI, which showed the economy remains resilient, expanded in May above estimates and the previous month's reading, contrarily to manufacturing activity.
Fxstreet
Jun 5, 2024
