The global economy faces many headwinds, but the aviation industry is expected to defy them
The profitability of the aviation industry is expected to improve in 2025 despite global gross domestic product growth being forecast to fall, the IATA says.
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AUD/USD Daily Report
Daily Pivots: (S1) 0.6409; (P) 0.6431; (R1) 0.6454; More… Range trading continues in AUD/USD and intraday bias stays neutral. Further rally is expected with 0.6406 support intact. Above 0.6536 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm break of 0.6406 will confirm short term topping, and […]
The post AUD/USD Daily Report appeared first on Action Forex.
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GBP/USD Weekly Outlook
GBP/USD edged higher to 1.3592 last week, but retreated since then. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 1.3389 support holds. Break of 1.3592 will resume larger up trend to 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, decisive break of 1.3389 will confirm […]
The post GBP/USD Weekly Outlook appeared first on Action Forex.
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Here are the 2 big things we’re watching in the stock market in the week aheadJobs data and earnings from CrowdStrike and Broadcom are what we’re going to focus on.
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DoorDash CEO Tony Xu is taking on the role of industry consolidator in food delivery
DoorDash CEO Tony Xu has spent 12 years building his food delivery company from an upstart into a big acquirer. -
JPMorgan hired NOAA’s chief scientist to advise clients on navigating climate changeLast year, JPMorgan hired Sarah Kapnick as the bank’s chief climate scientist. She’s now advising clients on how climate change will impact their investments.
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Japan prime minister Ishiba: We have no intention to compromise on US tariffs
This of course follows from Akazawa’s visit to Washington last week. And by the looks of it, there wasn’t any notable progress as seen in the aftermath here. So, Ishiba’s comment only serves to reinforce that sentiment. Akazawa will again be heading to the US for talks later in the week. Tick tock, tick tock. 37 days to go.
This article was written by Justin Low at www.forexlive.com.
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Indonesia Core Inflation (YoY) came in at 2.4%, below expectations (2.5%) in May
Indonesia Core Inflation (YoY) came in at 2.4%, below expectations (2.5%) in May -
WTI climbs to near $62.00 amid renewed trade tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.90 during the Asian trading hours on Monday. The WTI price jumps due to ongoing tariff uncertainty and the persistent geopolitical tensions in the Middle East. -
FX option expiries for 2 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 1.1350 level, with large ones seen thereabouts as well for the days ahead. The expiries today might offer a bit of a floor for price action, alongside the 100 and 200-hour moving averages at 1.1330-35 nearby. That as the dollar is a little on the weaker side with markets continuing to digest what’s next on the trade front as Trump tariffs are temporarily reinstated again. Meanwhile, there is some pessimism with regards to China talks now. Surprise, surprise. Not!
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com.
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